Head of the European Union, Delegation to Jamaica, Ambassador Malgorzata Wasilewska, says the continued budgetary support provided to Jamaica is a signal of trust in the country’s economic progress.
She says a country has to qualify for budget support, and it’s not granted to everybody because it has to be based on sound financial management, transparency and accountability.
Ambassador Wasilewska added that it’s a sign of trust and progress that Jamaica has made over the years with the success of the International Monetary Fund, IMF, programme.
Over the years, Jamaica has been the beneficiary of over 250 million pounds in budgetary support from the EU to undertake policy reforms, as well as support for the justice and security sectors.
Just last month, Jamaica and the EU signed two multimillion-dollar grant agreements.
She says over 509-million dollars is being provided to finance the country’s Public Financial Management Reform Programme, and 2-point-3 billion dollars is to fund efforts to improve Jamaica’s forestry management.