Nuff-Nuff Crash Program werk fi elections!!
World Bank To Jamaica: Ease Austerity, Provide Space For More Public Investment
Published:Friday | December 11, 2015 | 12:00 AM
Winston Sill
After two years of successful macroeconomic stabilisation and structural reforms, the Jamaican Government may wish to consider easing austerity measures to generate the necessary fiscal space for increased public investment, the World Bank has suggested.
However, it said a key challenge will be to ensure that the public investment programme is well prioritised and managed, so that an expanded investment portfolio produces the desired economic impact.
In its fall 2015 economic update on Jamaica, the World Bank noted that the need to maintain "an extremely high primary fiscal surplus" precludes investment above a certain threshold, limiting the Jamaican Government's ability to implement vital infrastructure projects that could increase the country's competitiveness and attract further private investment.
At the same time, it referenced a number of countries where, it said, public investment in infrastructure has had a direct effect on private-sector productivity and technological progress.
World Bank To Jamaica: Ease Austerity, Provide Space For More Public Investment
Published:Friday | December 11, 2015 | 12:00 AM
Winston Sill
After two years of successful macroeconomic stabilisation and structural reforms, the Jamaican Government may wish to consider easing austerity measures to generate the necessary fiscal space for increased public investment, the World Bank has suggested.
However, it said a key challenge will be to ensure that the public investment programme is well prioritised and managed, so that an expanded investment portfolio produces the desired economic impact.
In its fall 2015 economic update on Jamaica, the World Bank noted that the need to maintain "an extremely high primary fiscal surplus" precludes investment above a certain threshold, limiting the Jamaican Government's ability to implement vital infrastructure projects that could increase the country's competitiveness and attract further private investment.
At the same time, it referenced a number of countries where, it said, public investment in infrastructure has had a direct effect on private-sector productivity and technological progress.
Comment