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Jamaica Chamber of Commerce President Warren Mc Donald seconds this assessment in a report by the EGC, “Jamaica’s poor track record of economic growth since our achievement of Independence is evidence that the many initiatives that we have attempted nationally have not borne fruit to any significant level.” Following Mr.Holness’ 2016 election campaign, the slogan of which was “From Poverty to Prosperity,” the newly elected prime minister promised a new strategy to achieve sustainability, to be kick started by the newly established EGC, and sustained in the long term by an educational reform to ensure a highly-qualified workforce.This page allows you to search LASERS Unclaimed Property listing to determine if we may be holding funds belonging to you or your beneficiary.These funds could consist of unclaimed benefit checks or contributions left at LASERS by deceased members.Since taking office in March of 2016, Prime Minister Andrew Holness has established an Economic Growth Council, headed by investor and philanthropist Michael Lee Chin, chairman of the National Commercial Bank of Jamaica (NCB), to advise the government on the best economic policies with a goal of reaching 5% annual GDP growth by 2020.With a population of 2.8 million — roughly equivalent to that of Chicago — Jamaica has the largest workforce in the English-speaking Caribbean.

Indeed, following the 2008 global economic crisis, the Jamaican dollar (JMD) fell off a cliff, dropping by 17%, in the space of six months.To promote more financial risk taking, which vibrant economies require, the council recommends a number of regulatory reforms, such as reducing minimum capital test requirements for insurance companies, developing new housing finance solutions for lower income households, strengthening the venture capital and angel investor ecosystem, and bringing the taxation of financial services in line with other sectors.Tackling bureaucratic inefficiency, the EGC recommends streamlining processes for small businesses employing fewer than 10 people, faster application and permitting approvals, improving courts’ efficiency in areas such as contract enforcement, extending the hours to process more matters, and simplifying import-export procedures.Prime Minister Andrew Holness in a meeting with World Investment News CEO Pascal Belda and World Investment News Vice President of Sales Stephanie Huertas at the Prime Minister’s offices in Kingston, in April 2016.— Photo: Stan Aron for World Investment News “Economic growth and fiscal responsibility are not mutually exclusive,” says the EGC, which recommends a successor arrangement to the IMF’s economic support program, enhancing the credibility and flexibility of the exchange rate regime, and pursue debt for asset swaps in order to accelerate Jamaica’s rate of debt reduction by 2 or 3 percentage points.

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