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Jamaica now poised for growth says Phillips

Published: Saturday February 2, 2013 | 6:12 pm Comments 0
Finance Minister Dr Peter Phillips
Finance Minister Dr Peter Phillips

Finance Minister Dr Peter Phillips says with a number of new investment projects set to come on stream in the areas of infrastructural development, agriculture and tourism, the economy is poised to achieve significant growth in the near future.

Dr Phillips says the new investments coupled with the Government’s determination to cut the annual $1 billion food import bill and the expansion of the IT sector represents country’s most attractive opportunity for growth.

The finance minister says he believes Jamaica is entering a period of immense prospect for significant growth.

He says the Government’s current economic pursuits are not just conditionalities imposed by the International Monetary Fund, but are things Jamaica must undertake in the interest of a sustainable economic future.

Dr Phillips was speaking at a parish forum put on by the Social Development Commission at St Hilda’s High School in Brown’s Town, St Ann.

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