Jamaica inks deal with IFC at COP28 to advance National Broadband Project
/ Our Today
administrator
In a significant move to boost Jamaica’s digital infrastructure, the country inked a deal with the International Finance Corporation (IFC) yesterday to advance its National Broadband Project
The deal was signed by Finance Minister Dr Nigel Clarke and Senator Matthew Samuda at COP28 in Dubai. The Financial Advisory Services Agreement lays the foundation for structuring the National Broadband Project as a public private partnership (PPP).
The project is a key part of Jamaica’s national development strategies, aimed at providing affordable high-speed broadband service for all citizens. The partnership with IFC is part of a broader strategy to enhance Jamaica’s digital capabilities through PPPs, which are expected to play a critical role in the country’s ongoing digital transformation and economic growth.
The National Broadband Project, as envisioned by the Jamaican government, will not only ensure that high-speed Internet is available and affordable but will also avoid redundancy in service provision. It is part of a cooperative framework designed to create a unified broadband network that fosters universal access.
Additionally, the upcoming GovNet system is set to securely interconnect all Jamaican ministries, integrating them within this advanced digital framework. Prime Minister Andrew Holness has repeatedly emphasized the importance of this initiative, highlighting it as key to achieving universal broadband access across the island nation.
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