Canada Donates C$5Mil To Jamaican Government

Jamaica is expected to benefit from a contribution of C$5 million from the Canadian government.

According to a statement on the Foreign Affairs, Trade and Development Canada website, the initiative will also allocate a sum of C$10 million to eastern Caribbean countries as Canada promotes enhanced public financial management in the Caribbean.

Can

The total of $15 million is to be spent in the region over four fiscal years (2014–2017) and is being implemented to assist fiscal management under the International Monetary Fund (IMF) programme.

“This initiative will assist Caribbean countries in improving their financial situation through a fiscal reform programme supported by the IMF… The ongoing recession in tourism-dependent Caribbean states limits their economic growth potential,” the statement said.

Start the discussion ...