Finance Minister Confident FDI Moving in Right Direction


Finance Minister Dr. Nigel Clarke says the trend in Foreign Direct Investments, FDI, is moving in the right direction.

Foreign Direct Investments are those made made by a firm or individual in one country into business interests located in another country.

In a statement on Sunday, the PNP said figures from the Economic Commission for Latin America and the Caribbean, ECLAC, showed that FDI is down 17-percent in Jamaica while it’s up 20-percent in the rest of the region.

But, Dr. Clarke says the average FDI for 2016 to 2018 shows a 20-percent increase over previous years.

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The Finance Minister says the importation of capital goods– those used mostly in the manufacturing and production sectors– is also showing improvements.

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Dr. Nigel Clarke, Finance Minister, speaking this afternoon with Nationwide News, from Frankfurt in Germany, where he’s on the European leg of the Jamaica Investor Road Show.

Minister Clarke says so far the event has been a success.

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