Strategic Context ‐Analyzing the Current Environment 2012 was a challenging year for the
Jamaican economy with contracted growth, severe depreciation of the Jamaican dollar, crippling debt burden, pressure on the Net International Reserves (NIR) increased unemployment, reduce exports, reduced business and consumer confidence…
In addition to, and in some instances a catalyst for, these challenges, there was significant uncertainty surrounding the pending IMF agreement.
Jamaican economy with contracted growth, severe depreciation of the Jamaican dollar, crippling debt burden, pressure on the Net International Reserves (NIR) increased unemployment, reduce exports, reduced business and consumer confidence…
In addition to, and in some instances a catalyst for, these challenges, there was significant uncertainty surrounding the pending IMF agreement.
Notwithstanding these challenges opportunities such as growth in strategic sectors (ICT, Energy, Agriculture) and the GOJ’s legislative focus on increasing and easing access credit as well as
easing the ability doing business in Jamaica, represented opportunities for DBJ to capitalize on.
easing the ability doing business in Jamaica, represented opportunities for DBJ to capitalize on.
DBJ produced its medium term (five year) strategic plan and budget against this backdrop and submitted it to the Ministry of Finance and Planning in January 2013.
The medium term plan summarized in this document was therefore developed before significant developments surrounding the implementation of austere prior actions and the GOJ
eventual achieving of an IMF Staff Level Agreement in February 2013 more
'via Blog this'
eventual achieving of an IMF Staff Level Agreement in February 2013 more
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