Creating Markets in Jamaica: Country Private Sector Diagnostic

Year published
2022
Theme
Social
Sustainable Banking
Author
IFC
Category
Report

Achieving a sustainable, inclusive recovery from the COVID-19 pandemic will require Jamaica to invest in climate adaptation and resilience, diversify into sectors with strong potential for growth and job creation, and build on the country’s geographic and climatic advantages. Improving the business climate will be critical to boost investment in these areas. Yet, the domestic private sector continues to face constraints that undermine short-term recovery efforts and long-term competitiveness, including cumbersome business regulations and trade procedures, limited access to finance, a lack of workers with the needed skills, and the high costs of energy, transport, and logistics.