Jamaica Working with World Bank to Upskill Human Capital

• Jamaica and the World Bank will collaborate over the next three to four years to implement programs and initiatives across ministries to develop and upskill the country’s human capital. The initiatives, which aim to accelerate Jamaica’s pace of development, will be carried out under the Jamaica-Country Partnership Framework (CPF) from 2024 to 2027.
• Speaking at a recent World Bank country partnership framework event at the AC Marriott in Kingston, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, noted that human capital development is a major pillar of the partnership framework, involving education, health and social protection..
• “Having resolved our macroeconomic issues… what is now essential is that we leverage that to improve people’s lives. We have to ensure that we improve the quality and quantity of the skills available in the Jamaican population to support higher levels of growth that can give the revenue that we require for further investment.” he said.
• Through the partnership, the Government will utilise the World Bank’s technical resources to produce policy improvements at an expedited pace to improve the quality of life and standard of living of Jamaicans.
• Dr. Clarke outlined that through the country partnership framework, the assistance to the Government will be twofold – on the public sector side, where the organisation will be helping with reforming policies, and on the private sector side to help mobilise private capital in structured transactions such as public-private partnerships (PPP) to deliver for the Jamaican people.
• The country partnership framework is a strategic development plan that marks the World Bank’s engagement in Jamaica with key targets and activities. The process begins with a systematic country diagnostic that looks at the challenges and opportunities for achieving the shared goal of reducing poverty and boosting shared prosperity.

 (Source: JIS)