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 -
Moving Forward Digital Jam 2.0 has sparked a lot of interest from a number of partners. Private sector partnerships are emerging between national and international players to establish microwork hubs in... Show More + Jamaica. These will be fully funded by the private sector. The Bank and USAID are negotiating an externally funded output agreement to continue raising awareness about opportunities for work online and, in particular, in the niche of creative industries. The Government of Jamaica has requested the establishment of Digital Jam as a yearly event and the Bank is currently seeking options to make it happen. Bangladesh and Russia have expressed interest in replicating the event.Beneficiaries “We truly believe this is the way forward for Jamaica, and the World Bank is certainly creating the momentum.” - Marcelle Smart, Country Manager, Microsoft Jamaica“The World Bank has provided tremendous support in envisioning the event, bringing appropriate partners together, and facilitating our p Show Less -