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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The strategy lays the foundation for growth and shared prosperityKINGSTON, Jamaica, April 29, 2014 – The World Bank Group’s Board of Executive Directors endorsed today the new Country Partnership Strategy... Show More + (CPS) for Jamaica for 2014-2017. It focuses on creating the conditions for growth and prosperity for all Jamaicans.The strategy proposes a lending program of $510 million over the next four years, which is part of a comprehensive and ambitious package of reforms led by the Government of Jamaica with the support of the international community including the International Monetary Fund’s (IMF) Extended Fund Facility and the Inter-American Development Bank’s (IDB) program.As the Government is discussing the budget, Minister of Finance, Dr. Peter Phillips said, “We must grow our way out of the very precarious position we find ourselves in. The first requirement of the growth agenda is commitment to the current economic reforms. This agreement signifies our intention to stay the course, buo Show Less -