Thursday, 19 May 2016

GOOD NEWS: World Bank offers new support for Jamaica’s development plans + National Sport Museum gets the green light

DOLLARS AND SENSE: By all accounts, this week’s 46th meeting of Board of Governors of the Caribbean Development Bank (CDB), and its corresponding events, in Montego Bay, St. James, have been notably beneficial to Jamaica’s contingent, led by PM Andrew Holness and finance minister Audley Shaw. PM Holness met with World Bank Vice President Jorge Familiar, and both leaders agreed to develop a new project on access to finance to support credit to small and micro enterprises (SMEs) and on new innovative financing initiatives, including a debt agreement, resilience swap and a policy-based guarantee. Meanwhile, the World Bank is proving Jamaica with half-a-billion dollars to support the country’s growth trajectory and boost our private-sector development and competitiveness. What’s more, the deal comes with support for our transitioning to clean energy, as well as a regional initiative to provide new skills and jobs for the youth in the animation and digital sectors, and in efforts to improve social and climate resilience in the country.

PRIDE OF A NATION: The Jamaican government is serious about enhancing the preservation of our rich sport heritage in a major way. According to Culture and Sport minister Olivia ‘Babsy’ Grange, plans are being fast-tracked for the establishment of a National Sport Museum, which will feature the evolution of sport in Jamaica, the interconnectedness with our culture and future development. “[It] will serve as a knowledge bank,” says Grange, “and will preserve and showcase the distinctly rich material heritage of Jamaica, the athletes and teams through a collection of artefacts, memorabilia, works of arts, interactive exhibits, lecture series and community outreach programmes.” Under the theme, “Museums and Cultural Landscapes”, May 18 was observed as International Museum Day.

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