Growth Coun­cil wants to model suc­cess of eco­nomic re­form pro­gramme

Jamaica Gleaner - - NEWS -

CHAIR­MAN OF the Eco­nomic Growth Coun­cil (EGC) Michael Lee-Chin has ex­pressed con­fi­dence that the coun­cil will be able to achieve a sim­i­lar level of suc­cess ob­tained by the eco­nomic-re­form pro­gramme, which has brought about sev­eral im­prove­ments in Ja­maica’s macroe­co­nomic fun­da­men­tals.

Over the past three years, the eco­nomic-re­form pro­gramme, im­ple­mented with sup­port fund­ing from the In­ter­na­tional Mon­e­tary Fund (IMF), has re­sulted in sin­gledigit cur­rent ac­count deficit, a near tripling of the Net In­ter­na­tional Re­serves, and cred­i­ble re­duc­tions in the size of the na­tional debt.

Ac­cord­ing to Lee-Chin, these achieve­ments pro­vide the mo­ti­va­tion for all stake­hold­ers to co­a­lesce around the set of growth-in­duc­ing rec­om­men­da­tions pub­lished in a spe­cial ‘Call to Ac­tion’ supplement re­leased by the coun­cil in The Sun­day Gleaner yes­ter­day.

“We are em­bold­ened by our re­cent col­lec­tive ex­pe­ri­ence, where the ap­pli­ca­tion of so­ci­etal re­solve to­wards achiev­ing fis­cal sus­tain­abil­ity has borne much fruit,” he said.

The EGC chair­man fur­ther pointed out that he was con­vinced that build­ing con­sen­sus around rec­om­men­da­tions pro­posed by the coun­cil would echo the suc­cess of the re­form pro­gramme.

The pub­li­ca­tion of the ‘Call to Ac­tion’ supplement will be con­tex­tu­alised by The Gleaner’s Growth & Jobs fea­ture spon­sored by Ja­maica Na­tional, GraceKennedy, the Devel­op­ment Bank of Ja­maica, and the Port Au­thor­ity.

Growth & Jobs will be pub­lished in to­mor­row’s Gleaner.

Michael Lee-Chin

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