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Jamaica's Country Economic Memorandum - Unlocking Growth [World Bank]

Jamaica's Country Economic Memorandum - Unlocking Growth [World Bank]

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12/20/2012

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May 26, 2011Document of the World BankReport No. 60374-JM
 JamaicaCountry Economic Memorandum
Poverty Reduction and Economic Management UnitCaribbean Countries Management UnitLatin America and the Caribbean Region
Unlocking Growth
   P  u   b   l   i  c   D   i  s  c   l  o  s  u  r  e   A  u   t   h  o  r   i  z  e   d   P  u   b   l   i  c   D   i  s  c   l  o  s  u  r  e   A  u   t   h  o  r   i  z  e   d   P  u   b   l   i  c   D   i  s  c   l  o  s  u  r  e   A  u   t   h  o  r   i  z  e   d   P  u   b   l   i  c   D   i  s  c   l  o  s  u  r  e   A  u   t   h  o  r   i  z  e   d
 
 
J
AMAICA
 — 
 
G
OVERNMENT
F
ISCAL
Y
EAR
 
April 1
 – 
March 31
C
URRENCY
E
QUIVALENTS
 
US$1.00 = J$85.4(as of May 6, 2011)
W
EIGHTS AND
M
EASURES
 
Metric System
 
ABBREVIATIONS AND ACRONYMS
ACP African, Caribbean and PacificGroupJCTU Jamaican Confederation of Trade UnionsAGD
Accountant General’s
DepartmentJHTA Jamaica Hotel and Tourist AssociationBoJ Bank of Jamaica JSLC Survey of Living ConditionsCAFTA US-Central American Free TradeAgreementJSLC Jamaica Survey of Living ConditionsCARIBCAN The Caribbean-Canada TradeAgreementJamPro Formerly Jamaica Trade and InvestmentCBI Caribbean Basin Initiative KMA Kingston Metropolitan AreaCDF Constituency DevelopmentFundsLAC Latin America and the CaribbeanCEM Country EconomicMemorandumLFS Jamaica Labor Force SurveyCIT Corporate Income Tax MCC Management Coordination CommitteeCXC Caribbean Examinations Council MFPS Ministry of Finance and the Public ServiceDBJ Development Bank of Jamaica MOH Ministry of HealthECLAC Economic Commission for LatinAmerica and the CaribbeanMPs Members of ParliamentEFZs Export Free Zones NAFTA North American Free Trade AgreementFAA Financial Administration andAudit ActNCC National Contracts CommissionFAO Food and AgriculturalOrganizationNCST National Commission on Science andTechnologyFDI Foreign Direct Investment NEPA National Environmental Planning AgencyFIAS Foreign Investment AdvisoryServiceNHT National Housing TrustFPC Fiscal Policy Committee NIP National Industry PolicyFPMU Fiscal Policy Management Unit OECD Organization for Economic Co-operation andDevelopmentFRF Fiscal Responsibility Framework PATH Program for Advancement of Health andEducationGCI Global Competitiveness Index PBMA Public Bodies Management and AccountabilityActGCT General Consumption Tax PED Public Enterprise DivisionGEF Global Environment Facility PFM Public Financial ManagementGOJ Government of Jamaica PIOJ Planning Institute of JamaicaHEART National Training Institute PNP People
’s National Party
HISEP High School EquivalencyProgramPPD Public-Private Dialogue
 
i
IADB Inter-American Development Bank PSTU Public Sector Transformation UnitICS Investment Climate Survey REDI Rural Economic Development InitiativeICT Information and CommunicationTechnologiesSCTSMESpecial Consumption TaxSmall and Medium EnterpriseIFRS International Financial ReportingStandardsSRCSTATINScientific Research CouncilStatistical Institute of JamaicaILO International Labor Office TPDCO Tourism Product Development CompanyIPSAS International Public Sector Accounting StandardsUDC Urban Development CorporationJAMVAC Jamaica Vacations Limited UNODC United Nations Office on Drugs and CrimeJBS Jamaica Bureau of Standards UNWTO
UN’s
World Tourism OrganizationJTB Jamaica Tourist Board USDA US Department of AgricultureJCCP Jamaica Cluster CompetitivenessProjectWTO World Trade Organization
Vice President:Country Director Pamela CoxFrançoise ClottesSector Director: Rodrigo A. ChavesActing Sector Manager:Sector Leader:Oscar Calvo-GonzalezAuguste Tano KouameTask Team Leader: Zafer Mustafaoglu

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