Jamaica: PM Holness met with World Bank representatives

The Prime Minister of Jamaica Caribbean island - Andrew Holness, held a high-level meeting with representatives from World Bank. The prime minister was accompanied along with Ministers Clarke, Johnson Smith, Shaw, and Williams.

Jamaica: The Prime Minister of Jamaica Caribbean island – Andrew Holness, held a high-level meeting with representatives from World Bank. The prime minister was accompanied along with Ministers Clarke, Johnson Smith, Shaw, and Williams.

The World Bank team was led by Mr Carlos Felipe Jaramillo, Regional Vice President, Latin America and the Caribbean Region.

Also present at the meeting were Ms Lilia Burunciuc, Country Director for Caribbean countries. Mr Ozan Sevimli, Resident Representative for Guyana and Jamaica and Ms Judith Green, Country Manager for the Caribbean, International Finance Corporation.

While speaking on the bond between Jamaica and Work Bank, the prime minister asserted that “Jamaica and the World Bank have had a very strong and impactful relationship which has yielded many great outcomes.”

PM Holness further added that the Jamaican government is happy for the continued partnership with the World Bank to continue development in multiple areas across the country.

In addition, the World Bank has allocated $185m in a catastrophe bond to give financial protection to Jamaica from the economic damage of tropical storms for the upcoming three years. It is among the first cat bonds to be connected to the Secured Overnight Financing Rate.

Besides this, PM Holness received a courtesy call at the Office of the Prime Minister by the Minister of Foreign Affairs for Japan – Motegi Toshimitsu.

PM Holness shared the information via social media handle and cited, “We had a productive discussion on globally faced issues such as the management of the COVID-19 pandemic and, in particular, the implementation of containment measures here in Jamaica.”

Additionally, PM Holness and Toshimitsu held discussions about strengthening economic relationships between the two nations.

“Jamaica and Japan continue to build bridges of cooperation and collaboration to enhance engagement for mutual benefit,” the prime minister further added.

Additionally, the Caribbean island currently has a total of 51,408 confirmed COVID-19 infections, while in total, 46,751 individuals have been recovered from the deadly coronavirus mutant, and 1,163 people have died amid the COVID-19 pandemic in Jamaica island.