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Phillips heads to China for high-level meetings

Published:Friday | December 13, 2013 | 10:20 AM

Finance and Planning Minister, Dr Peter Phillips is to leave the island today for China, to participate in a series of high-level meetings.



The meetings are to be held with Chinese government ministers and other officials, including the Governor of the Chinese Central Bank.



Phillips and his delegation will also meet with officials from some of China’s major private financial institutions and firms involved in overseas investments.



The finance ministry says the objective of the visit is to further deepen the trade, financial and investment relationship between Jamaica and China.



It will also be used to discuss ways in which China may assist in Jamaica’s efforts to address its debt service challenges.



The Finance ministry says Phillips and his team will also use the opportunity to discuss the prospect of private commercial and investment banks in China purchasing Jamaica’s sovereign bonds in the primary and secondary markets.



Phillips is accompanied by the Governor of the Bank of Jamaica, Brian Wynter; the Director General of Planning Institute of Jamaica, Colin Bullock; the Financial Secretary, Devon Rowe; President of the Port Authority of Jamaica, Professor Gordon Shirley and Managing Director of the Development Bank of Jamaica, Milverton Reynolds.



The team will return to Jamaica on December 22.



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