Jamaica to improve competitiveness with IDB support | UHY Dawgen Chartered Accountants Blog: "A $60 million loan program will promote tax and land titling reforms and improve access to credit
The Inter-American Development Bank (IDB) today announced the approval of a $60 million loan to Jamaica to finance the third phase of a program to support Jamaica’s macroeconomic sustainability, continue implementation of a national competitiveness framework, simplify tax administration, reduce the government’s budget support for state-owned enterprises, improve the private sector’s access to financial markets, and strengthen land property rights.
This is the third operation of a programmatic policy-based loan, which provides flexible support for institutional and policy reforms by means of a fast disbursement of resources.
The objective of the loan program is to improve competitiveness by promoting reforms that expand access to credit and reduce distortions in Jamaica’s tax system, reduce Jamaican Government participation in inefficient enterprises and projects, and lower business costs through more efficient land titling and registration."
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Saturday, February 8, 2014
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