STATIN and BOJ – an in­valu­able part­ner­ship

Jamaica Gleaner - - CELEBRATING 70 YEARS OF PROVIDING STATISTICS -

THE STA­TIS­TI­CAL In­sti­tute of Ja­maica (STATIN) has, over the years, been an in­valu­able part­ner to the Bank of Ja­maica (BOJ), pro­vid­ing high-qual­ity data to fa­cil­i­tate mone­tary pol­icy de­sign and im­ple­men­ta­tion. Fur­ther, STATIN and BOJ con­tinue to col­lab­o­rate on a num­ber of projects and ex­er­cises aimed at de­vel­op­ing and align­ing Ja­maica’s sta­tis­ti­cal prac­tices, par­tic­u­larly in the ar­eas of data cov­er­age, pe­ri­od­ic­ity and time­li­ness, in line with in­ter­na­tional best-prac­tice stan­dards.

The ul­ti­mate goal is to en­hance the avail­abil­ity of data to sup­port ef­fec­tive de­ci­sion­mak­ing by in­di­vid­u­als and en­ti­ties at the level of the house­hold, the pri­vate sec­tor and the Gov­ern­ment. BOJ con­grat­u­lates STATIN on the at­tain­ment of 70 years of un­bro­ken ster­ling ser­vice to Ja­maica and its critical role played in na­tion build­ing. We look for­ward to con­tin­ued work with STATIN on our shared ob­jec­tive of en­hanc­ing Ja­maica’s of­fi­cial sta­tis­ti­cal in­fra­struc­ture. BRIAN WYNTER Gov­er­nor Bank of Ja­maica

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