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Digicel boss hails government's handling of economy

Published:Saturday | October 31, 2015 | 10:32 PM
According to Denis O'Brien, if the government maintains its fiscal policies, mainly aimed at reducing the country's debt stock and inducing growth, Jamaica will soon "blast off".

Founder of global telecoms company, Digicel, Denis O'Brien, last evening encouraged hundreds of University of the West Indies (UWI) Mona graduates to become entrepreneurs, saying the government is pursuing the right economic policies.

Speaking at one of the university's four graduation ceremonies, the Irish billionaire told graduates "now is a good time to be an entrepreneur."

According to him, if the government maintains its fiscal policies, mainly aimed at reducing the country's debt stock and inducing growth, Jamaica will soon "blast off".

"Jamaica has more unfulfilled economic potential than nearly all Caribbean countries combined," O'Brien said adding that the current fiscal policies are appropriate to unlock the economic benefits.

Jamaica is pursuing various economic reforms under a four-year programme with the International Monetary Fund that critics say is too harsh and restricting growth. 

O'Brien and Poet Laureate Professor Mervyn Morris were honoured by the university with honorary doctorates.

More than 2,000 students are graduating from the UWI, Mona this weekend.