The Ministry of Economic Growth and Job Creation says it is working to revise the Policy Framework and Procedures Manual for the Privatisation of Government Assets during this financial year, which will be brought to the Cabinet.
The Privatisation Policy, as it is commonly called, addresses the transfer of government assets, shares, or operational responsibilities to the private sector. It establishes a four-stage process that must be observed and the institutional framework for privatisation transactions.
The Privatisation Policy is being implemented by the Development Bank of Jamaica.
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