EPOC co-chair calls for more diversified economy

Posted by epocjamaica | May 25, 2017 | news | 0

Missed targets in the agricultural sector have led to a revision of growth in Jamaica’s economy.

The targets missed by the sector have been attributed to previous periods of drought.

Speaking at a news briefing on Friday, Keith Duncan, Co-chairman of the Economic Programme Oversight Committee (EPOC), said this points to the need for Jamaica to have a more diverse economy where the focus is not only on a single sector but on several at a time.

He pointed specifically to some of Jamaica’s strategic projects, such as the logistics hub, BPO sector, tourism and foreign direct investments, arguing that if the economy were diverisifed to include all these, there would be a greater chance for growth without the burden on any one industry.

[Source: RJR News Online]

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epocjamaica

The Economic Programme Oversight Committee (EPOC) was established in 2013 to monitor the implementation of Jamaica’s economic reform measures under its agreement with the International Monetary Fund (IMF). The committee comprises 11 persons from the private and public sectors, and civil society. They receive and assess information from the Government of Jamaica (GOJ) to track the progress of the targets under the three-year Precautionary Stand-By Arrangement (PSBA) which was signed in 2016. Visit: https://epocjamaica.com/about to learn more.