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JCC proposes establishment of Trust to sell government assets

The Jamaica Chamber of  Commerce (JCC) is calling for the creation of a Trust to handle the divestment of non-core government assets.

In a statement on Tuesday, Warren McDonald, JCC President, said the Jamaican Governments, over the years has paid lip service to off-loading poorly managed assets which continue to be a burden on the country's balance sheet. 

He contends that the sale of  the assets will help to create jobs and spur economic growth.
   
Mr. McDonald is proposing that the Trust be responsible for valuating the assets as well as packaging them for divestment or listing on the Jamaica Stock Exchange. It wouldl report to Parliament and be shielded by regulations from any type of  political interference.    
                                                       


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