JAMAICA-Prime Minister Holness boasts of consistent growth as Jamaica celebrates 61

Kingston, JAMAICA, CMC – Prime Minister Andrew Holness said Jamaica can boast of “consistently good things” happening in the country for the first time in history.

In addressing the nation on the occasion of its 61st Anniversary of Independence from British rule, the Prime Minister bragged that amidst global challenges, the country was able to experience eight consecutive quarters of economic growth, a historically low unemployment rate, net international reserves of $US 4.17 M as of June 30, 2023, increased export earnings of 55% for the first quarter of the 2023 calendar year in comparison to the corresponding period last year.

“And of great importance is the fact that we have been paying down our debt; our debt to GDP stands at 78 % and is projected to decrease even further,” Holness said.

The country is celebrating under the theme “Proud and Strong.” Holness said since gaining Independence in 1962. The government had suffered cumulative stagnation, which prevented many from achieving the standard and quality of life they deserved. However, it added, “Since assuming leadership of this great nation in 2016, we have prioritized economic growth and job creation; these are the pillars of prosperity”.

The Jamaican leader boasted of economic recovery from the global financial shocks of the COVID–19 pandemic and the supply chain disruptions.

“Not only did we recover from the pandemic, but we surpassed our pre-COVID economic indicators and, despite the ongoing war in Ukraine, which has caused a global economic environment of inflation, Jamaica has remained stable, and now we are seeing glimmers of hope, as inflation is slowing.

He admitted that the current successes have been long in coming and urged Jamaicans to remain focused on the country’s continued development, adding that all had a part to play.

“It has taken some time and is not at the pace many Jamaicans want after decades of suffering. However, we have been good stewards of your affairs, and you can continue looking forward in confident expectation as we continue to improve your lives in ways never before achieved.

“Let us maintain a focused and positive mindset, undistracted by negativity and the purveyors of falsehoods.

“It takes all of us to build this great nation, and if we are distracted or succumb to the noise around us, we will further delay our progress and prosperity.”

He encouraged Jamaicans to embrace the opportunities for self-development offered through several programs.

“Opportunities are opening up around you every day, reach out and grasp them with both hands. Shut out those dark, depressive voices that fuel negativity and internal strife by telling you daily that nothing is happening in your country.”