Transcript Vision 2030 - Heart Trust/NTA

Vision 2030 Jamaica
National
Development Plan
VISION 2030 JAMAICA NATIONAL DEVELOPMENT
PLAN
Presentation to
Economic Growth Symposium
October 1, 2014
MSMEs Contribution to National Targets
and Vision 2030 Jamaica
Planning for a Secure and Prosperous Future
Vision 2030 Jamaica
National
Development Plan
Vision 2030 Jamaica Structure
National Vision
4 Goals
15 National Outcomes
84 National Strategies
Sector Strategies and
Actions
Vision 2030 Jamaica
National
Development Plan
GOALS LINKED TO OUTCOMES
11/6/10
4
Vision 2030 Jamaica
National
Development Plan
MTF 2012-2015 Priority Themes and
National Outcomes
National Goals
Medium Term Theme
Priority National
Outcomes
A Healthy and Stable Population
National Goal # 1: Jamaicans
Development and Protection World Class Education and
Are Empowered To Achieve
of Human Capital
Training
Their Fullest Potential
Effective Social Protection
National Goal # 2:
The Jamaican Society Is
Secure, Cohesive and Just
National Goal # 3: Jamaica’s
Economy Is Prosperous
National Goal # 4:
Jamaica Has a Healthy
Natural Environment
Security and Safety
National Security and Justice
Effective Governance
Economic Stability,
Competitiveness and
Employment
Environmental Resilience
and Climate Change
Response
A Stable Macroeconomy
An Enabling Business
Environment
Priority Economic Projects
Hazard Risk Reduction and
Adaptation to Climate Change
Vision 2030 Jamaica
National
Development Plan
Integrated Planning and Implementation
Framework
Integrated National
Development Plan
(National Level)
Medium-Term SocioEconomic Policy
Framework
(National Level)
Sector Plans
(Sector Level)
Corporate & Operational Plans & Budgets of Public Sector MDAs,
Private Sector Investments, Civil Society Projects, IDP Country
Programmes and the Diaspora
Vision 2030 Jamaica
National
Development Plan
Vision 2030 Jamaica and MSMEs – Selected National
Outcomes and Strategies
National Outcome # 8: An Enabling Business Environment

National Strategy 8-1: Ensure a facilitating policy, regulatory and
institutional framework for business development

National Strategy 8-6: Improve the labour environment to enhance
labour productivity and worker satisfaction

Improve and streamline bureaucratic processes for business
establishment and operation
Undertake comprehensive labour market reform
National Strategy 8-7: Develop the capabilities of micro, small and
medium-sized enterprises (MSMEs)
-
Provide training and capacity development for MSMEs
-
Expand credit facilities for MSMEs
-
Promote and develop entrepreneurship
-
Increase awareness and information on business opportunities and
programmes for MSMEs
Vision 2030 Jamaica
National
Development Plan
Vision 2030 Jamaica and MSMEs – Selected National
Outcomes and Strategies Cont’d
National Outcome # 2: World Class Education and Training
 National Strategy 2-11: Strengthen the Mechanisms to Align Training
with the Demands of the Labour Market
National Outcome # 7: A Stable Macroeconomy
 National Strategy 7-2: Develop and Efficient and Equitable Tax System
National Outcome # 9: Strong Economic Infrastructure
 National Strategy 9-5: Develop Jamaica as a Regional Logistics Hub
with Multimodal Transport Linkages
National Outcome # 12: Internationally Competitive Industry
Structures
 National Strategy 12-1: Develop Company Sophistication and
Productivity
 National Strategy 12-2: Develop Economic Linkages and Clusters
Vision 2030 Jamaica
National
Development Plan
National Outcome #8: Enabling Business Environment
Timeline for Completion Responsible Agencies
Priority Strategies and Actions (Selected)
National Strategy 8-7: Develop the capabilities of micro, small and medium-sized
enterprises (MSMEs)
Sector Strategy: Increase and strengthen acquisition, analysis and application of data and
information on MSMEs and the informal sector
Complete and promulgate the new MSME and
FY2013/2014
MIIC
Entrepreneurship Policy
Sector Strategy: Promote and develop entrepreneurship
Introduce a practical component of
FY2013/2014 –
MIIC, MOE, PSOJ,
entrepreneurship in schools in collaboration
FY2014/2015
JBDC
with business associations
Sector Strategy: Expand credit facilities for MSMEs
Provide credit to MSMEs through Mobile
FY2012/2013 –
DBJ, MOFP, MIIC,
Money
FY2013/2014
BOJ, Private Sector
Sector Strategy: Provide training and capacity development for MSMEs
Provide incubator support services to MSMEs
in areas such as food processing, fashion,
jewellery and furniture
FY2013/2014 –
FY2014/2015
JBDC, BSJ
Vision 2030 Jamaica
National
Development Plan
GoJ Growth Strategy – Components
Component
Role
Core Economic Components
1. Fiscal Consolidation
Provides Macroeconomic Stability
2. Business Environment
Competitiveness Reforms
Addresses Constraints in the
Business Environment
3. Strategic Investment Projects
Provide Catalytic Capital
Investments and Employment;
Improve Business Environment
Supporting Components
4. Human Capital Development Builds Labour Productivity; Provides
and Protection
Social Protection
5. Human and Community
Security
Addresses Crime and Violence
Constraints
6. Environmental Resilience
Reduces Impact of Disasters and
Climate Change
Vision 2030 Jamaica
National
Development Plan
Growth Strategy – Core Economic Components
1. Fiscal
Consolidation
2. Business
Environment
i. Deficit
Reduction
ii. Debt
Management
iii. Tax Reform
iv. Fiscal
Accountability
v. Public Sector
Rationalization
vi. Inflation
Control
i. Improved Access to
Credit including
for MSMEs
ii. Streamlining
Approvals and
Business
Registration
iii. Legal Processes
iv. Customs Processes
v. Energy Sector
Reforms
3. Strategic
Investments
i.
ii.
iii.
iv.
Logistics Hub
Agro Parks
ICT Parks
Road
Infrastructure
Projects
v. Hotel
Development
Projects
vi. Energy
Diversification
vii. Urban Renewal
Vision 2030 Jamaica
National
Development Plan
Contribution of MSEs (2013)
Number of GCT Registered MSEs
9,996
Share of GCT Registered
Companies
80.4 %
Sales of GCT Registered MSEs
J$50.1 B
Share of Sales of GCT Registered
Companies
Own Account Workers
Share of Total Employed Labour
Force
5.9 %
401,600
36.2 %
Vision 2030 Jamaica
National
Development Plan
Relevant Indicators and Targets
Indicators Baseline
Real GDP
annual
growth rate
(base 2007)
(%)
Actual
Targets
2007
2009
2010
2011
2012
2013
1.43
-3.42 -1.45
1.40
-0.47 0.20
2012
2015
2030
3
1.7
5
Ease of
Doing
Business
Ranking
50
67
79
85
88
90
58
53
34
Unemployment rate
(%)
9.8
11.4
12.4
12.6
13.9
15.2
10
7.5
4
Percentage
of labour
force that is
certified (%)
18.5
20.1
21.2
23.2
23.5
24.4
25
30
90
Vision 2030 Jamaica
National
Development Plan
MSMEs – Selected Current Initiatives
 Foundations for Competitiveness and Growth Project (World
Bank)
-
Component 3 (US$23.2 M): SME Value Chain
Development, Capacity Building and Line of Credit
-
Administered by DBJ
 Caribbean Growth Forum (CGF)
-
Survey of Microfinance and Small Business Financing
Institutions (2014)
 PIOJ Growth Secretariat
-
Financial Information and Real-Time Matchmaking
(FIRM) Expo – October 4, 2014
-
In collaboration with DBJ, JBA, PSOJ, JAMPRO, JBDC,
CRP, World Bank, First Global Bank, HEART Trust/NTA,
Media
Vision 2030 Jamaica
National
Development Plan
THANK YOU
THANK YOU
www.facebook.com/vision2030ja
Vision 2030 Jamaica
National
Presented by the Planning Institute of Jamaica
Development Plan