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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WASHINGTON, December 12, 2013- The World Bank Board of Directors approved today a $130 million Development Policy Loan with Jamaica which aims to promote economic stability, debt sustainability and improve... Show More + competitiveness in Jamaica.The global financial crisis exposed the fragility of the growth model in some Caribbean countries. Jamaica's progress on poverty and shared prosperity has been seriously undermined due in large part to economic shocks that are amplified by structural weaknesses in the economy. The main results to be achieved are:An improved investment climate and competitiveness, facilitating higher and more productive private sector investment. Sound Public Financial Management through a pension reform, a more transparent tax regime and better planning and monitoring of all public investments.“For over three decades, Jamaica’s economy has faced serious challenges to achieve sustained levels of economic growth. This has resulted in a conti Show Less -