After four decades of little or not growth, the Jamaican economy is expected to grow at 1-2% over the medium term. The country is confronted by serious social issues that predominantly affect youth, such as high levels of crime and violence and high unemployment.
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October 30, 2014 -- Cities worldwide generated more than 1.3 billion tons of solid waste in 2010. As drivers of economic activity and recipients of millions of rural migrants every year, cities expect... Show More + to see this number to grow to 2.2 billion tons annually by 2025 –the equivalent weight of the Great Pyramid of Giza, in trash, every single day.This massive amount of waste critically affects public health, the environment, economic development and citizens’ quality of life. Proper management of solid waste is achievable: a range of tools and technologies already exist. But the critical bottleneck lies in paying for them. In many lower income countries, municipalities already spend 20% to 50% of their budgets on solid waste management, yet only manage to provide services for less than half their citizens. A related major concern lies in long-term sustainability in the sector, which requires greater efforts to reduce, reuse, recycle and overall avoid waste.A new rep Show Less -
Washington, D.C., October 29, 2014—A new World Bank Group report finds that Jamaica has the Caribbean’s highest ranking on the ease of doing business: 58 among 189 economies worldwide. Over the past year,... Show More + Jamaica implemented three reforms, the most in Latin America and the Caribbean along with the Dominican Republic and Trinidad and Tobago. Jamaica also appears closer than it was last year to global best practices in business regulation as measured by its Distance to Frontier ranking.Doing Business 2015: Going Beyond Efficiency finds that 50 percent of economies in the Caribbean* implemented at least one reform making it easier for local entrepreneurs to do business—12 reforms in total, a historical high for the region. Among them, Jamaica streamlined the requirements for starting a business, reduced the cost of getting an electricity connection, and established new credit bureaus while also adopting a new secured transactions law that broadens the range of assets that can be used as c Show Less -
October 2014Solid waste management is a pressing challenge that an increasing number of cities in developing countries are facing today. A joint report by the World Bank and the Global Partnership... Show More + for Output-Based Aid (GPOBA), Results-Based Financing for Municipal Solid Waste, provides lessons from eight countries with municipal solid waste projects that applied a results-based financing (RBF) approach in design and preparation.Results-Based Financing for Municipal Solid Waste is a financial mechanism through which payment for solid waste services is conditioned to the achievement and verification of pre-agreed targets. Results-Based Financing offers opportunities for innovation, finding locally appropriate solutions, and focusing on achieving results.The report provides examples in three categories:Improving solid waste service delivery and fee collectionThis is an appropriate model for lower income countries where service delivery is poor or non-existent and where f Show Less -