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Stabroek News

LETTER OF THE DAY - A Jamaica Fund for diaspora takeover
published: Monday | June 19, 2006

THE EDITOR, Sir:

I WAS overwhelmed with joy to hear that Jamaica may finally capitalise on its greatest export: PEOPLE!

For years, the diaspora has been chanting the words 'we waan go home' and no one has had the time to figure out how to get us back there collectively.

We have tried to do this one-one, but it is time to do this as a collective unit. The bottom line is Jamaica is losing itself in debt-financing. We have to create and use equity-financing and buy back Jamaica!

A Jamaica Fund would be the best starting place considering the quoted US$1.5 billion dollars it received last year. That is astounding!

I admit that when I send home funds to family, I feel safe because I know they will benefit. However, in the bigger picture, what good is a new pair of shoes if you drop in a pothole on the road?

An efficiently managed Jamaica Fund would collectively address national matters, community matters, and individual matters. This would allow the Government to focus on international matters.

If we all (both inside and outside of Jamaica) decide it's time to buy back the country, we can do it.

The Jamaican economy is in the middle of a corporate hostile takeover and we need to buy back the much needed 51 per cent of the stock to get it back into our control!

This is a difficult task, yes, but not impossible. Trust and faith in the funds management will be what we need to get the collective dollars flowing from the outside to the inside in order to achieve this endeavour.

This area is much too small for my full commentary, but, we are pleading with the powers that be to let us return to the land we love. We need you to help us to become confident in the funds management of our country's effort to once again emerge as the jewel of the Caribbean, because we are ready!

Everyone says it. Visitors say it. Natives say it. The Diaspora is singing it, 'Nowhere, NOWHERE nuh betta dan yaad!

I am, etc.,

S.H. ARMSTRONG

ntez2bme@msn.com

Atlanta, Georgia

Via Go-Jamaica

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