PIOJ Growth-Inducement Strategy - Planning Institute of Jamaica

Chapter 4
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Alignment of the Growth-Inducement Strategy with
Vision 2030 Jamaica – National Development Plan 10
1.0 Vision 2030 Jamaica
Vision 2030 Jamaica - National Development Plan is the country’s long-term strategic
plan. It provides a comprehensive planning framework in which the economic, social,
environmental and governance aspects of national development are integrated. The Plan
is based on the vision of Jamaica as “the place of choice to live, work, raise families, and
do business” and is expected to put Jamaica in a position to achieve developed country
status by 2030.
The Plan is built on four strategic goals for national development. Operationally, the four
National Goals are mapped into 15 National Outcomes, which in turn will be pursued
through National Strategies, and ultimately through actions, programmes and projects at
the sector and organizational levels. These are implemented through the plans and
budgets of public sector ministries and agencies, as well as through the plans and projects
of private-sector companies, civil society organizations and the programmes of
International Development Partners (IDPs).
The four National Goals and 15 National Outcomes are indicated in Table 4.1.
2.0 Medium Term Socio-Economic Policy Framework (MTF)
The Medium Term Socio-Economic Policy Framework (MTF) 2009-2012 represents
the first phase of implementation towards the longer-term goals contained in the Plan. It
outlines the priority national outcomes, strategies, actions and targets for the three-year
period FY2009/10 – 2011/12.
The MTF targets an annual growth rate of real Gross Domestic Product equal to 3% from
FY2011/2012 to FY2013/2014. However, recognition of the impact on Jamaica of the
prolonged downturn in the global economy, and particularly in key export markets for
Jamaica including bauxite and alumina and tourism travel, as well as the reduced
prospects for access to global capital markets and foreign direct investment, has led to
revisions in a number of key macroeconomic targets over the period 2011-2014. For
example, under the Stand-By Arrangement with the International Monetary Fund, which
Jamaica entered into in February 2010, the annual growth target has been revised
downward to 1.9% for FY2011/2012 and FY2012/2013 and 2.0% for FY2013/2014.
10 In consultation with the Plan Development Unit, PIOJ.
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