Jamaican Diaspora Encouraged to Invest in the Island's Economy

KINGSTON, Jamaica – Minister of State in the Ministry of Foreign Affairs and Foreign Trade, Alando Terrelonge, has issued an invitation for Jamaican nationals living in the diaspora to take advantage of the sustained growth in the economy by investing in the country.

alandotAlando Terrelonge, Minister of State in the Ministry of Foreign Affairs and Foreign Trade, JamaicaIn a recent radio interview, on Irie Jam Radio based in New York City, the junior minister said the country is experiencing unprecedented growth and development and “it is a great place to make some money,” as he highlighted what he said were opportunities in the construction industry.

“For the first time in some 40 years, our exports in Jamaica have exceeded our imports. The Jamaican economy is growing, the rest of the world is doing great business in Jamaica, and we are saying to members of the Diaspora, this is your opportune time to come home and invest in Jamaica,” he said.

Terrelonge said that the Government sees the Diaspora as a strategic partner in building a “very strong Jamaica, for all Jamaicans,” and is urging persons to participate in the upcoming 10th Biennial Jamaica Diaspora Conference in Montego Bay from June 16 to 19.

The Conference is expected to provide an inclusive platform for enhancing and propelling development with special attention to and regard for critical sectors of Jamaican life particularly health and education.

“We are encouraging all Jamaicans; Montego Bay is the place to be for the Conference because it is your country and your voice,” Terrelonge said.

He also encouraged investment in the Jamaica Social Stock Exchange (JSSE) as an avenue for persons to support community development.

The JSSE ensures that people interested in contributing and improving the quality of life in Jamaica are enabled to invest in wholesome projects that promote the socio-cultural economy and the protection of the physical environment.

“It is a great way to tie your funding to social projects,” Terrelonge said, noting that persons can invest from anywhere in the world that they are located.