Connect with us

News

GOVT. SIGNS US$50 MILLION MOU TO STRENGTHEN BUSINESS ENVIRONMENT

Published

on

KINGSTON, Sept. 24 (Jamaica Information Service): Government has signed a US$50 million Memorandum of Understanding (MoU) with the World Bank, to strengthen the business environment in Jamaica to enable further private sector investment.

The loan agreement was signed by Minister of Finance and Planning, Dr. the Hon. Peter Phillips and Senior Private Sector Development Specialist with the World Bank, Thomas Vis, during the launch of the programme at the Mona Visitors’ Lodge on September 24.

The initiative, which has been dubbed the Foundations for Competitiveness and Growth project, will be implemented by the Planning Institute of Jamaica (PIOJ) over a six-year period from August 2014 to June 2020.
Dr. Phillips said the project will enhance competition in the business environment, facilitate strategic private investments and support Small and Medium Enterprises (SMEs).

The Minister informed that the project will also provide resources for private businesses to undertake pre-feasibility studies in relation to strategic investment projects that are to be implemented.
“It will also facilitate the development of technical studies for critical sectors that the country may choose to emphasise as part of its growth strategy,” he said.

Dr. Phillips noted that in this vein there is a need to explore much further, the global dynamics of the Business Process Outsourcing (BPO) industry, pointing out that this is an area where Jamaica can make a significant mark. “This is an area where we can put tens of thousands of Jamaicans to work,” he argued.

For his part, Mr. Thomas said the project represents an element in a larger partnership between the Government of Jamaica and the World Bank, and is aimed at advancing the prospects for growth, as the country goes through a strenuous economic reform programme that forms part of the agreement with the IMF.

Meanwhile, Permanent Secretary in the Ministry of Industry, Investment and Commerce, Vivian Brown, said a part of the Government’s role, as it strives for greater economic growth and job creation, is to facilitate and enable private investment, both domestic and overseas, in the Jamaican economy.

“It is our belief that this project will support that strategy,” the Permanent Secretary added.
Director General of the PIOJ, Colin Bullock, said under the project, new and existing businesses will benefit from streamlined regulations and processes, opportunities for public-private partnerships as well as training and access to financing.

“It is a timely initiative, as there are investment opportunities available to the private sector, which can be facilitated by enhancement of the business environment,” he noted.
Mr. Bullock said the project seamlessly aligns with the Government’s growth agenda and directly supports the achievement of goal three of the National Development Plan, Vision 2030, which is to make “Jamaica’s economy prosperous.”

Chief Executive Officer, Private Sector Organization of Jamaica, Dennis Chung, said the private sector strongly welcomes the initiative, noting that “it will finally allow us to tackle critical areas affecting our ability to be competitive and grow the economy.”
He emphasised that sustainable economic growth is only possible with the growth of the SME sector, where new innovations tend to be created.

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

Government

$94.1Mfor Health; Knowles Pushes to Keep Care at Home

Published

on

Turks and Caicos, April 25, 2026 – A major shift in how healthcare is delivered in the Turks and Caicos Islands is at the center of the Government’s latest budget, with a focus on reducing reliance on overseas treatment and strengthening services at home.

Presenting his contribution to the national debate, Kyle Knowles outlined a strategy aimed at building a more sustainable healthcare system—one that allows more residents to access quality care within the country.

The health sector has been allocated $94.1 million, making it one of the largest areas of public spending in the $550.8 million Budget passed on April 23.

Central to the Minister’s approach is a restructuring of the Treatment Abroad Programme (TAP), which has grown significantly in recent years as more patients are sent overseas for specialized care.

The Government now aims to reverse that trend.

“We are reforming healthcare to ensure long-term sustainability,” Knowles indicated, pointing to efforts to strengthen local services and reduce the need for travel.

The strategy includes improving healthcare infrastructure, expanding services available within the islands and increasing efficiency through the digitization of medical records.

Digitization is expected to support better coordination of care, reduce delays and allow for more accurate tracking of patient needs—part of a broader effort to modernize public services.

The Minister emphasized that the goal is not only cost control, but improved access.

“No family should have to leave home to get quality care,” he said, underscoring the Government’s intention to refocus healthcare delivery on local capacity.

The shift comes as rising healthcare costs continue to place pressure on public finances, with overseas treatment representing one of the most expensive components of the system.

By investing more heavily in domestic services, the Government is seeking to reduce that burden while improving outcomes for residents.

While the direction is clear, details on timelines and the pace of expansion for local services were not fully outlined in the presentation.

Still, the emphasis on sustainability, access and modernization signals a strategic pivot in how healthcare is expected to evolve in the Turks and Caicos Islands.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

Government

Premier Defends Budget Strategy, Rejects Claims of Inefficiency

Published

on

Turks and Caicos, April 25, 2026 – Premier Charles Washington Misick has pushed back against criticism of the Government’s newly passed budget, defending both its direction and execution as deliberate and necessary for national development.

Wrapping up debate on the $550.8 million Budget, passed on April 23, the Premier dismissed concerns raised by the Opposition about inefficiency, rising costs and gaps in delivery, insisting the Government’s approach is measured and focused on long-term growth.

“This budget is about delivering for our people,” Misick said, as he reinforced the administration’s commitment to infrastructure, healthcare expansion and broader economic development.

Opposition Leader Edwin Astwood had earlier challenged the Government’s performance, pointing to unfilled posts, delayed projects and what he described as weak execution despite increasing allocations.

In response, the Premier rejected the notion that the Government is failing to deliver, instead arguing that building national capacity takes time and sustained investment.

He maintained that staffing challenges are being addressed and that improvements across ministries are ongoing, even as demand for public services grows.

The Premier also defended the scale of spending, framing it as a necessary step to support development across the islands, rather than unchecked expansion.

“We are investing in the future of this country,” he said, pointing to continued funding for infrastructure, community development and public services.

On the question of equitable growth, Misick reiterated his administration’s focus on balanced development, including ongoing investments in the Family Islands.

He argued that progress is being made, even if transformation is not occurring as rapidly as some would like.

Throughout his closing remarks, the Premier leaned on the country’s economic fundamentals—highlighting strong cash reserves, stable growth projections and international confidence in the Turks and Caicos Islands’ fiscal management.

While the rebuttal addressed criticism head-on, it did not significantly alter the structure of the budget or introduce major new measures in response to concerns raised during the debate.

Instead, the Government’s position remained consistent: the plan is in place, the investments are targeted, and delivery will continue.

The exchange underscores a clear divide—between an Opposition pressing for faster, more measurable results, and a Government maintaining that its strategy is already on course.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

PHOTO COURTESY OF THE OFFICE OF THE PREMIER

Continue Reading

Government

Digital Government Push Advances, but Reliability and Security Details Remain Unclear

Published

on

Turks and Caicos, April 25, 2026 – There was no mistaking the enthusiasm of the Minister of Finance, Investment and Trade, E. Jay Saunders, as he laid out his vision for a more digitally driven Turks and Caicos Islands—one where services are faster, systems are connected, and doing business is easier.

But within that forward-looking presentation, what remained notably absent were clear timelines and defined measures to ensure data security and system reliability.

“We are moving toward a fully integrated digital government,” Saunders told the House, as he outlined a future where public services are delivered seamlessly through technology.

With responsibility for the country’s economic and digital transformation, Saunders pointed to several areas expected to be reshaped by the rollout of e-government systems, including revenue collection, business licensing, customs processing and access to public services—all designed to reduce delays, improve compliance and streamline transactions.

The vision is one of convenience and efficiency: fewer lines, faster approvals, and systems that communicate across departments rather than operate in silos.

Within the framework of the Government’s $550.8 million Budget, passed on April 23, the digital push is positioned as a key driver of modernization and improved service delivery.

However, for many users, the experience of government systems today remains inconsistent.

Periodic outages, payment disruptions and service downtime continue to affect daily transactions, raising practical concerns about how quickly the country can transition to a fully digital model.

Despite the scale of the ambition, the Minister’s presentation did not directly address how system reliability will be strengthened or how data will be protected as more services move online.

Those elements—uptime, security and resilience—are critical to public confidence, particularly as businesses and residents become increasingly dependent on digital platforms to access government services.

The direction is clear, and the potential impact is significant.

But as the country moves closer to greater digital dependence, the success of that transformation will ultimately rest not just on what is promised—but on whether the systems can be relied upon when they are needed most.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

FIND US ON FACEBOOK

TRENDING