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Jamaica, World Bank Inks Deal to Develop National Broadband

The Government of Jamaica has signed an agreement with the private sector arm of the World Bank to develop the National Broadband Public Private Partnership.

The deal was inked by Finance Minister Dr. Nigel Clarke at the Conference of the Parties, COP28, which is currently taking place in Dubai.

Minister Clarke signed the Financial Advisory Services Agreement with the International Finance Corporation, IFC.

The agreement with the private sector arm of the World Bank is for the development and structuring of the National Broadband Project as a Public Private Partnership.

Minister Clarke’s colleague Cabinet Minister, Senator Matthew Samuda, also participated in the signing ceremony.

Minister Clarke told the signing ceremony that Jamaica’s Prime Minister Andrew Holness has already reiterated that his government views it a priority to ensure that all Jamaicans have access to affordable, reliable, high speed broadband service.

Dr. Nigel Clarke, Finance Minister.

This he says is in a move to ensure those providers can provide universal, affordable access to broadband for all Jamaicans, wherever they reside and work.

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