KINGSTON, Jamaica, CMC – The Jamaica Inventory Trade (JSE) and the United Nations Improvement Programme (UNDP) have signed a Memorandum of Understanding (MOU) to deepen cooperation on sustainable finance and strengthen Jamaica’s social growth sector.
This Memorandum of Understanding (MOU) formalizes a long-standing partnership aimed toward mobilizing personal capital to help nationwide growth priorities aligned with the United Nations’ Sustainable Improvement Objectives (SDGs).
Talking on the signing of the MOU on Wednesday, JSE Managing Director Dr. Marlene Road Forrest stated, “This morning, we formalize a partnership born out of years of cooperation, grounded in shared values, mutual respect, and a deep dedication to Jamaica’s sustainable growth.”
She famous that the settlement marks not only a continuation however an enlargement of efforts between the JSE and UNDP.
“We’re going to be doing deeper and larger issues… we might be taking a look at it Jamaican, however Caribbean… it’s going to influence us all as Caribbean individuals,” she added.
Road Forrest emphasised that the MOU will help key JSE initiatives, together with the Inexperienced Bond+ Market and the Jamaica Social Inventory Trade.
“This MOU builds on two years of profitable collaboration,” the Managing Director stated.
For his half, Dr. Kishan Khoday, Resident Consultant for Jamaica on the UNDP, described the signing as a historic step in leveraging revolutionary finance to help Jamaica’s Imaginative and prescient 2030 targets.
“This historic signing… marks an necessary milestone on this crucial mission to mobilize revolutionary financing, the position of the personal sector for Jamaica’s Imaginative and prescient 2030, and total nationwide growth aspirations,” he stated.
“We should improve, empower, and unleash social entrepreneurs to bolster the implementation of crucial growth actions,” he continued.
Khoday added that the settlement goals to “shift the financing paradigm… powered by a brand new breed of dynamic social entrepreneurs that we see richly rising in Jamaica and throughout the Caribbean”.
The MOU additionally contains commitments to growing sustainability-linked bonds, enhancing local weather and biodiversity finance, and strengthening sustainability reporting frameworks and regulatory environments.
In the meantime, Chairman of the Jamaica Social Inventory Trade, Professor Neville Ying, welcomed the settlement, saying it reinforces the rising synergy between monetary funding and social transformation.
“The strategic intentions and the transformative initiatives that may observe the signing… will tackle a very powerful subject in Jamaica, which is to empower our individuals,” he stated.
