Jamaica

Jamaica Moves To Correct Fall Out In Economy

In a report, Minister of Finance and the Public Service, Dr. Nigel Clarke, noted that a substantial number of COVID-19 Economic Recovery Task Force recommendations are being implemented across government ministries.

Prime Minister Andrew Holness had earlier appointed a 28-member task force to analyze Jamaica’s economic fallout resulting from the novel coronavirus (COVID-19) pandemic and make recommendations for its recovery.

The group, chaired by Dr. Clarke, comprised members of the Cabinet and representatives and stakeholders from academia, business, trade unions, and civil society.

Dr. Clarke said inter alia that recommendations relating to accelerating Jamaica’s transition to a digital society are in train, adding that this is central to the Task Force’s Report completed and tabled in Parliament in July.

“You would have heard the Prime Minister speak about accelerating the National Identification System [and] you would have seen [where[ the Central Bank is slated to begin its testing of digital currency next year… all of those are recommendations of the Task Force,” he informed.

He pointed out that the Task Force was not intended to be a permanent body.

“It was set up to take stock of the realities that we were facing, the challenges that existed, the advantages that we had [in light of COVID-19], and make recommendations for how we should proceed. The Task Force did that job and produced a report,” he added.

The Minister advised that the Report can be viewed on the Finance Ministry’s website – www.mof.gov.jm, and encouraged interested persons to visit and peruse its contents.

Readers Bureau, Contributor

Edited by Jesus Chan

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