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.
Read More »
WASHINGTON, March 14, 2014 – More than 80,000 Jamaican citizens will benefit from improved services, basic infrastructure and targeted crime and violence interventions in 18 vulnerable inner-city communities... Show More + as a result of US$42 million project for integrated community development approved by the Bank’s Board of Directors today.“As we strive to advance the targets of the Vision 2030; where access to reliable services and adequate infrastructure is the norm; enhancing community safety and security is a priority and these communities are places of choice to live, work, raise families and do business,” says Scarlette Gillings, Managing Director of the Jamaica Social Investment Fund.In the Kingston Metropolitan Area poverty has doubled in two years from seven percent in 2008 to more than 14 percent in 2010. Youth unemployment is on the rise, with more than 50 percent of young people unemployed. Homicides and other violent crimes rates is one of the highest in the Latin America and Caribbea Show Less -