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Reports

May, 2016
Thematic Area: 
Most Jamaicans dream of owning a ‘big house on the hill’. While many would settle for a basic two-bedroom, concrete structure with just the basic amenities, houses are nonetheless expensive assets that require a substantial portion of buyers’ lifetime incomes. The National Housing Trust (NHT) was established in the belief that homeownership could be facilitated by a public mortgage body that built homes and subsidised the loans to purchase them. However, the current accumulated capital of J$126 billion, along with an additional J$76 billion in employee contributions held in the Trust, raises the following questions: (i) How much money does the NHT need to carry out its mandate in the way it has been doing? (ii) Is the NHT meeting its mandate? (iii) Is it using the right approach to deliver on its mandate?
February, 2016
Thematic Area: 
The Caribbean, more than any other region in the world, now faces a threat that has severe implications for its economic viability. This threat is the termination of Correspondent Banking Relationships (CBRs). Amidst concerns about money laundering and the financing of terrorism (ML/FT), several correspondent banks have been terminating or restricting business relationships with clients or categories of clients to avoid, rather than manage, the inherent risk. This action, referred to as ‘de-risking’ or ‘de-banking’, is a challenge that requires urgent and coordinated action from Caribbean economic, regulatory, and political leadership. This report therefore examines the underlying drivers of de-risking in the Caribbean, examines the impact of de-risking on the region, and proposes measures that can be taken to help to address the problem.
October, 2014
Thematic Area: 

Open Data has emerged as a progressive approach to issues of fiscal transparency, public sector efficiency and new job creation. Open Government Data (OGD) refers to government data and information that has been created or commissioned by a public entity which is made accessible for public use and reuse. While preliminary work has been undertaken in the Caribbean to explore the potential for open-data enabled interventions none of these studies have attempted to quantify the economic value associated with these open data opportunities. Specifically, this paper presents an estimation of the potential economic contribution of Open Data to the education, tourism and agricultural sectors, culminating with generic guidelines for developing Jamaica’s Open Data policy.

May, 2013
Thematic Area: 

The Government of Jamaica reintroduced the no-user fee policy for public health-care facilities in 2008. This study examines how the abolition of user fees has impacted health services in Jamaica. The loss of revenue from user fees has resulted in a reduction in the ability to purchase pharmaceutical and medical supplies, and hire adequate medical personal, and led to increased waiting/processing times.

January, 2013
Thematic Area: 

Public expenditure on education in Jamaica continues to surpass the average for developing countries, yet low test scores attest to a haemorrhaging education system. This paper assesses the current status and future prospects of nine critical dimensions of education in Jamaica.

December, 2011
Thematic Area: 

This paper evaluates the value of social partnerships as a governance tool for the Commonwealth Caribbean by examining the experiences of Botswana, Ireland and Barbados, as well as the less-than-successful attempts to implement a social partnership in Jamaica.

June, 2011
Thematic Area: 

The continued use of government revenues to sustain public sector deficits has been highlighted as a major structural weakness by the International Monetary Fund (IMF), which has called for Public Sector Reform (PSR). This paper looks at success factors for PSR in Jamaica.

September, 2010
Thematic Area: 

With the advent of the World Trade Organization (WTO), the EU and the Caribbean were forced to negotiate a more liberal Economic Partnership Agreement (EPA) in 2008 and renounce many of their preferential trade relationships. This research examines the impact of the EPA on Caribbean states, showing it to be modest.

April, 2010
Thematic Area: 

Fiscal sustainability was finally breached during the 2009 fiscal year when interest payments reached an unprecedented 66 percent of revenues. This crisis precipitated the Jamaica Debt Exchange (JDX) in February 2010 which appears to have been well designed and executed.

November, 2009
Thematic Area: 

The Economic Partnership Agreement (EPA) recently concluded by the European Union and CARIFORUM (the countries of CARICOM plus the Dominical Republic) replaces the Lomé arrangements and will govern trade between the two regions going forward. Using a computable general equilibrium (CGE) model, this exercise traces the economic impact of the tariff reductions on European Union imports into the Caribbean and consequently on the economies in the region.

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