PM Gov't to Divest
Prime Minister Andrew Holness is firm on his resolve to provide housing solutions for every Jamaican, this as he announced plans to divest the Jamaica Mortgage Bank. He says this profit will seek to benefit further developments, in the government’s continued pursuit to build 70-thousand housing units. Prime Minister Holness, on Thursday announced plans to divest the Jamaica Mortgage Bank to a publicly owned limited liability company.
He says the move would see the government asset being finally traded publicly on the Jamaica Stock Exchange. PM Holness went further, to expound on the Jamaica Mortgage Bank, noting that this asset is well structured to finance housing developments in middle and higher income brackets. Holness says the government is taking rational steps in increasing it’s capacity, to deliver housing for all segments of the economy.
He says while some may think these steps are radical, the government’s focus must be direct and deliberate in ensuring that it can deliver affordable housing for low income groups. He was speaking at the opening ceremony for the genesis 28 housing project, in Kingston.
Reporter: Justin Graham
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