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Jamaican economic council unveils proposals for growth

Xinhua, September 14, 2016 Adjust font size:

Jamaica's official consultative body, the Economic Growth Council (EGC), on Tuesday unveiled an eight-point initiative designed to facilitate growth in the Caribbean country.

The initiative, presented to the government on Monday, will bring positive changes to thousands of businesses and millions of Jamaicans, according to a release by the council.

Measures proposed include debt reduction, improvement of social security, easier access to finance resources, and reform of government agencies, among others.

The EGC said the inspiration of these policy proposals came from more than 80 meetings held with stakeholders from various sectors over the past four months.

The Jamaican government set up the EGC in April, tasked it with the mission to outline a growth initiative for the country. And if the proposed plan is adopted by the government, the council will also monitor the implementation of these initiatives and report on progress.

While making public the eight-point growth initiatives, Adam Stewart, a member of the 12-seat EGC, told local media that the recommendations made by the council are not exhaustive and cannot solve all of Jamaica's problems.

"However, they represent a critical and important subset of what needs to be done to achieve economic growth," he added. Endi