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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Additional World Bank funds to improve effectiveness of Jamaica’s largest safety netWashington, January 24, 2014 –The World Bank’s Board of Directors approved today US$40 million in additional funding... Show More + to strengthen Jamaica’s largest safety net program, already reaching more than 400,000 vulnerable people. The funding will enhance the effectiveness of the Program of Advancement through Health and Education (PATH) and expand its reach to more than half a million poor Jamaicans.Similar to other successful Conditional Cash Transfers (CCT) in Colombia and Mexico, a recent evaluation found that PATH has increased school attendance and improved vaccination rate amongst the most vulnerable population.“The Government of Jamaica continues to implement the reforms of Social Protection Systems to alleviate poverty. This new support from the World Bank will enable the Government to build resilience, equity and promote active labor market interventions”, said Dunstan Bryan, Project Director at the M Show Less -
February 23, 2011 – An estimated 210 million people are out of work worldwide, the highest level of unemployment ever recorded. Twelve months after a devastating earthquake, nearly one million Haitians... Show More + still live in tents or other temporary shelters. Food prices are spiking beyond the levels of the 2007-2008 food crisis, and the Arab world faces sweeping political change.People worldwide face greater uncertainty at a time when family support and other traditional safety nets have eroded. To better protect people in low- and middle-income countries from economic and social risks and boost their resilience, the World Bank is devising a new social protection and labor strategy that will guide its work with countries and development partners during the next 10 years.The Bank, which has just announced the start of its first round of global strategy consultations, views effective social protection and labor programs as central to its poverty-fighting, opportunity-creating development mission Show Less -