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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ACKNOWLEDGEMENTSIt is my profound pleasure, ladies and gentlemen, to warmly welcome you to the island of Saint Lucia and to the third Regional Workshop of the Caribbean Growth Forum.I wish, in particular,... Show More + to extend a warm welcome to:- The Honourable Timothy Harris, Prime Minister of Saint Kitts and Nevis;- Senator the Honourable Lennox Weston, Minister of State within the Ministry of Finance & Corporate Governance, Antigua and Barbuda;- The Honourable Khaalis Rolle, Minister of State for Investments in the Office of the Prime Minister, Bahamas;- Senator the Honourable Darcy Boyce, Minister of State in the Office of the Prime Minister, for Energy, Immigration, Telecommunications and Investment, Barbados;- The Honourable Claude Hogan, Acting Premier of Montserrat;- The Honourable Lindsay Fitz–Patrick Grant, Minister of Tourism, Internat Show Less -
Pigeon Island, SAINT LUCIA, June 16, 2015– A new World Bank report released today at the Third Regional Caribbean Growth Forum, suggests that the rapidly changing environment for Caribbean exports presents... Show More + both new opportunities and challenges for economies highly dependent on external markets. Despite high openness to trade of Caribbean economies, the Caribbean share in global trade fell from three percent in the 1970s to nearly a quarter percent in 2012. The report, “Trade matters: New opportunities for the Caribbean,” highlights that trade plays an important role in job creation - with exporting firms accounting for 34 percent of formal employment and being the largest employer for the poorest. However, exporting also makes employment more vulnerable to external shocks.“Entrepreneurs are already seeing improvements in the business climate. Continued efforts to improve trade facilitation and step up investments in research and innovation, as well as quality education, will help Show Less -
Most Honorable Prime Minister of St. Lucia, Dr. Kenny AnthonyHonorable MinistersSir Dr. Dwight K. Venner, Governor of the Eastern Caribbean Central BankDr. Didacus Jules, Director General of the OECS CommissionDr.... Show More + Justin Ram, Director of Economics, Caribbean Development BankMr. Wayne Mitchell, Regional Resident Representative of the International Monetary FundGovernment Officials, Development partners, Ladies and Gentlemen· It is a great privilege to be here today on this beautiful island of St Lucia to discuss a new agenda for sustainable growth in the Caribbean.· I want to especially thank Prime Minister Anthony for hosting the Third Regional Caribbean Growth Forum and acknowledge his leadership on promoting a pro-growth agenda. Prime Minister Anthony has been a champion of the Caribbean Growth Forum initiative.· This initiative engages government, private sec Show Less -