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, July 18, 2014— About 15,000 young Jamaicans will benefit from training, digital work opportunities and seed investments to boost the digital and animation industries in the country as a result... Show More + of a US$ 20 million loan for a Youth Employment in Digital & Animation Industries Project approved today by the World Bank Board of Directors.“This project facilitates Jamaica’s linkage into one of the fastest growing sectors in the global economy,” said Jamaica’s Minister of State for Science, Technology, Energy & Mining, Julian Robinson. “It is our strongest national thrust to date to mobilize the considerable creative and entrepreneurial talent among our youth towards earning our way to a brighter future.”Global animation is a growing industry currently valued around US$ 220 billion per year. International companies are increasingly looking at Jamaica as a country of choice for outsourcing animation production. As part of its “Vision 2030 Jamaica” plan, the government is lo Show Less -
Bank Group ContributionThe World Bank provided roughly US$200,000 of technical assistance to design and implement this program.Additional resources were provided by Flow Columbus Business Solutions, the... Show More + JNBS Group, Landline Internet Mobile and Entertainment Services (LIME), USAID, Microsoft Jamaica, Research in Motion (RIM) Blackberry, Telegens, and Kariblink. These consisted of about US$100,000 in cash, prizes for competitions, air-time on television and radio stations, connectivity costs, and the renting of the event facilities. A strong endorsement was given by the Government of Jamaica including the Minister of Youth and Culture, the Minister of Industry, Investment and Commerce, and the Minister of Science, Technology, Energy and Mining. Partnerships were also established with industry leaders, including key companies from the Silicon Valley such as Samasource, Microworkers, MobileWorks, Freelancer (from Australia), Soundtracker, Wildfire Interactive, and 500 Startups. Show Less -