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<span style="font-weight: bold">News Source: OTGNR - </span>
<span style="font-weight: bold"> Confirmed : Finance Minister seeki...amaica (RJR)...</span>
Finance Minister Audley Shaw is seeking additional loans from the Chinese to fund small, medium and micro businesses in Jamaica. Mr. Shaw held talks with Zhu Hongjie, Vice Governor of the Export-Import Bank of China on his first visit to Jamaica on Wednesday.The talks centred on the implementation of various projects being financed by the Bank in Jamaica, as well as on other areas of mutual cooperation.The Export-Import Bank of China is financing the 5-year Jamaica Development Infrastructure Programme (JDIP) - the largest road and works programme ever undertaken in Jamaica. The programme is valued at US$400 million.The Bank is also financing the Palisadoes Shoreline Protection Rehabilitation Works - a US$56 million project.Among the matters discussed was the sourcing of additional funding from the Export-Import Bank of China for un-lending to the Ex-Im Bank of Jamaica for direction to the small, medium, and micro business sector.Mr. Shaw also raised the possibility of joint ventures and increased private sector investments in Jamaica by Chinese interests. "I have always been clear that the only way that Jamaica can progress is through the robust expansion of our productive sector, and Foreign Direct Investment is critical to achieving that goal", said Mr. Shaw."I am extremely pleased at the strong relationship between Jamaica and the Peoples Republic of China and look forward to the strengthening of existing ties," he added.
<span style="font-weight: bold"> Confirmed : Finance Minister seeki...amaica (RJR)...</span>
Finance Minister Audley Shaw is seeking additional loans from the Chinese to fund small, medium and micro businesses in Jamaica. Mr. Shaw held talks with Zhu Hongjie, Vice Governor of the Export-Import Bank of China on his first visit to Jamaica on Wednesday.The talks centred on the implementation of various projects being financed by the Bank in Jamaica, as well as on other areas of mutual cooperation.The Export-Import Bank of China is financing the 5-year Jamaica Development Infrastructure Programme (JDIP) - the largest road and works programme ever undertaken in Jamaica. The programme is valued at US$400 million.The Bank is also financing the Palisadoes Shoreline Protection Rehabilitation Works - a US$56 million project.Among the matters discussed was the sourcing of additional funding from the Export-Import Bank of China for un-lending to the Ex-Im Bank of Jamaica for direction to the small, medium, and micro business sector.Mr. Shaw also raised the possibility of joint ventures and increased private sector investments in Jamaica by Chinese interests. "I have always been clear that the only way that Jamaica can progress is through the robust expansion of our productive sector, and Foreign Direct Investment is critical to achieving that goal", said Mr. Shaw."I am extremely pleased at the strong relationship between Jamaica and the Peoples Republic of China and look forward to the strengthening of existing ties," he added.