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Jamaica Chamber of Commerce President Warren Mc Donald seconds this assessment in a report by the EGC, “Jamaica’s poor track record of economic growth since our achievement of Independence is evidence that the many initiatives that we have attempted nationally have not borne fruit to any significant level.” Following Mr.
Holness’ 2016 election campaign, the slogan of which was “From Poverty to Prosperity,” the newly elected prime minister promised a new strategy to achieve sustainability, to be kick started by the newly established EGC, and sustained in the long term by an educational reform to ensure a highly-qualified workforce.
Jamaica’s diaspora, estimated to be equivalent to the country’s entire population, is the second largest of any Caribbean nation, after the Dominican Republic.
Already the largest source of foreign exchange, they could play a greater role in investment, knowledge transfer and mentorship, through engagement policies using the Jamaica Diaspora Foundation.
11/24/2007The God of Jacob is our stronghold God is our refuge and strength, a very present help in trouble.
The Lord of hosts is with us; the God of Jacob is our refuge.
The EGC recognizes insecurity in Jamaica as having deterred investment, destroyed capital formation, and discouraged business development.
“Improving citizen security is the single most important growth-inducing reform that Jamaica can undertake,” the report says, recommending a restructuring of law enforcement agencies, a criminal justice reform, as well as addressing the social causes of crime and violence.
Tackling this issue is therefore a crucial component of the country’s ongoing socioeconomic transformation.
The first step to solving a problem is recognizing it.
Prime Minister Andrew Holness in a meeting with World Investment News CEO Pascal Belda and World Investment News Vice President of Sales Stephanie Huertas at the Prime Minister’s offices in Kingston, in April 2016.