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The EU is providing J$11.1 billion to Jamaica

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Wednesday, 14 May 2014

The EU is providing J$11.1 billion to Jamaica

The EU is providing J$11.1 billion (one Jamaica dollar = US$0.004 cents) to Jamaica for projects within the sugar industry, justice, community development initiatives and poverty reduction. Prime Minister Portia Simpson Miller said that the country’s strict adherence to sound fiscal management is part of what has made the EU’s continued support to the country.
“Transparency and accountability in the management of our financial affairs is paramount. If we were not financially prudent, we would not be signing these agreements. Our multilateral partners would not be supporting us, if we were not demonstrating that we are serious about managing our affairs,” Simpson Miller said.
She added that some 100 communities in five parishes will be benefiting from the poverty reduction component of the support. The parishes concerned are Kingston, St Andrew, Clarendon, St James, and St Catherine.
“Its emphasis on the unemployed female headed households is most welcomed,” Simpson Miller said.
The Prime Minister described some of the expected results of the programme as “improved quality access to basic social and economic infrastructure and services; as well as increased income generation and employment opportunities.”
She stressed her administration work to ensure that children, the elderly and other vulnerable groups, receive the best quality of life.
“We have made provisions to the tune of $500 million for our pensioners, and have increased PATH payments by 15 percent, while raising the transportation subsidy for those on PATH, and expanding our school feeding programme,” Simpson Miller said.

Source: Caribbean 360