PM commits to securing Jamaica’s economic independence
ST JAMES, Jamaica — Prime Minister, Andrew Holness, has reaffirmed the Government’s commitment to securing Jamaica’s economic independence and resilience.
This assurance comes in the wake of the recently announced halt in funding support provided under the United States Agency for International Development (USAID) programmes.
Addressing a New Social Housing Programmme (NSHP) handover ceremony in Westmoreland on Friday Holness said the Government has taken note of the decision, “that sent waves of concern across Jamaica”.
He said this shift presents immediate challenges, particularly regarding cash flow for ongoing initiatives locally.
“So far, we have assessed that we have about US$54 million of programmes being funded by the USAID over several [yearly] budget periods. Some programmes [range] from one to three years, or maybe a little bit more. So what Jamaica is doing, of course, is assessing any potential fallout from the hold placed on funding from USAID,” Holness outlined.
He said, however, that the administration recognises the sovereign right of the United States (US) to adjust its policies, and assured that Jamaica remains steadfast in its long-term vision of reducing reliance on aid whilst strengthening its economic foundation.
The prime minister pointed out that the Government has been proactively making strides toward reducing its dependency on foreign aid by developing a robust economy, improving fiscal management and creating an environment conducive to sustainable inclusive growth.
Holness maintained that rather than focusing on aid dependency, the aim is to build mutually beneficial bilateral relationships with international partners.
“So… we await what would be the new direction and we look forward to working with the United States Government on issues that are of mutual and strategic importance. I am confident that there will be a new future for US-Jamaica relations,” he said.
Four newly constructed NSHP houses were presented to beneficiaries in Westmoreland on Friday.
The recipients were Beatrice Appleby and Maureen Adams of Porters Mountain, and Patricia Webb of New Galloway, Whithorn, who each received a two-bedroom unit, and Samantha Fray of Savanna-la-Mar, who got a three-bedroom house.
— JIS
