Minister of Housing, Urban Renewal, Environment and Climate Change, Pearnel Charles Jr, has hailed the construction industry for being a pillar in Jamaica during the last 12 months.
While countries in the world continue to experience downturns with some of their sectors during the COVID-19 pandemic, the construction sector in Jamaica has remained resilient.
During his contribution to the 2021/22 Sectoral Debate in the House on Tuesday (May 4), Charles Jr said the Jamaica Mortgage Bank (JMB) and the Housing Agency of Jamaica Limited (HAJ) have contributed significantly to this success.
The JMB is driven to mobilise financial resources for on-lending to private and public-sector developers and financial institutions. It is also tasked with developing an active secondary mortgage market and providing mortgage indemnity insurance in support of the national settlement goal.