Privatisation of GOJ Assets | Development Bank of Jamaica

Privatisation of GOJ Assets | Development Bank of Jamaica: "The Jamaican privatisation programme began in the early 1980s with the divestment of public services and small entities which were a burden on fiscal resources, such as garbage collection services, parks and markets, and public cleansing (e.g. street cleaning, etc).

Since then, more than 100 enterprises in a variety of industries have been privatised by the National Investment Bank of Jamaica (NIBJ). In June 1991, the NIBJ became the central implementing agency for privatisation activities, charged with administrative and operational responsibility for effecting divestitures in accordance with the broad objectives and principles of the programme. The Development Bank of Jamaica Limited (DBJ) took over those responsibilities when the two Banks merged in 2006.

Past privatisation transactions include the sale of shares and ownership in the Cement Company, Trans-Jamaican Airlines, Telecommunications of Jamaica (now Cable & Wireless JA), Sangster International Airport, Jamaica Public Service, Jamaica Broadcasting Corporation among others."

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