Mortgage Bank Soon To Be Put On Market

Prime Minister Dr Andrew Holness has announced that the Jamaica Mortgage Bank, JMB, will soon be the next asset for Jamaicans to buy into on the market.

The Jamaica Mortgage Bank was established in 1971 with the mandate to finance safe and affordable housing.

It seeks to mobilize financial resources for on-lending to private and public sector developers and financial institutions.

Prime Minister Holness also announced that the sale of the government’s 20-percent share in the Trans-Jamaican Highway was oversubscribed.

He says these sales are an attempt to democratise economic opportunities for all Jamaicans.

And, the Prime Minister also addressed the forward sale of the country’s revenues to finance current budgets.

He says this is being done to put the country on a firm economic path and in a fiscally responsible manner.

He was responding to the Opposition’s alarm over the sale of 12 years of revenues from the Norman Manley International Airport, and other similar initiatives.

Dr. Holness noted that the previous PNP Administration attempted to do the same but with disastrous consequences.

Prime Minister, Dr. Andrew Holness.

He was making his contribution to the 2025/2026 Budget Debates in the House of Representatives on Thursday.