‘Jamaican economy on right path’

SANIAH SPENCER, marketing chief at JN Bank updated Jamaicans in Florida about recent announcements that the Government is seeking to introduce a Diaspora Bond by the end of the financial year, which is intended to provide investors with a satisfying return while providing an opportunity for them to contribute to the development of the country.

In addition, Spencer said that JN Bank has issued a Diaspora Certificate of Deposit, which allows Jamaicans overseas to earn an attractive yield while contributing to the development of social enterprises that generate social and economic growth for communities and groups.

“JN Bank is positioned to facilitate these investments through our linkages and partnerships with developers and government agencies, and through our products and services,” Spencer advised.

She said that the bank’s savings and loans products included business loans to facilitate the investments of Jamaicans in the diaspora, as well as online facilities through its JN LIVE banking platform to manage payments and facilitate online transactions.The transactions facilitated include interbank transfers, wire transfers, foreign exchange purchases and bill payments.

“It is clear that although we have much to do to increase economic growth and spur development, the Jamaican economy is on the right path. It is strengthening and expanding, and is ready for investment in various areas,” she affirmed.