LAUDERDALE LAKES – Jamaica National Building Society (JNBS) will host a financial forum in Sunrise, on March 31, to update its members in that region about the Jamaican Government’s Agreement with the International Monetary Fund (IMF), the Jamaica Debt Exchange (JDX) and its impact on their savings and investments with the Society, as well as its overall impact on the Jamaican economy.
The forum, to take place at the Crowne Plaza Hotel, Sawgrass Mills, is part of a series of meetings being held locally by the Society, Earl Jarrett, General Manager said, on Monday (March 15). And, he pointed out that it also follows the Outlook for the Future event, sponsored by the Society, which was held in the United Kingdom, last Friday (March 12).
“We want our members in the Diaspora to be fully aware of the financial strategies that have been put in place to ensure that the Government’s Standby Agreement with the IMF achieves its objectives to grow the national economy,” Mr. Jarrett stated.
Earl Jarrett, JN General Manager
The JN General Manager, who is also Deputy Chairman of the Jamaica Tourist Board, and Honorary Secretary of the Private Sector Organisation of Jamaica, will be the keynote speaker at the Sawgrass meeting. He said that feedback from the Society’s local members indicated that, while they generally accepted the Administration’s current financial policies, they still had some concerns about the levels of interest rates on their savings, investments and loans.
“Jamaicans locally and overseas are also concerned about the development plans being put in place to boost the economy, and the sectors being targeted for GDP growth,” he stated, noting that tourism and agriculture remain key sectors of interest.
Ms. Margaret Barrett, Chief Representative Officer of the JNBS Representative Office in Tamarac, Florida, said that there is a high level of interest in the March 31 meeting from Jamaica National members in the United States. She also noted that as the US economy recovers in sectors, they were hopeful that the new financial strategies would benefit Jamaica.
