Tropical Storm Nicole - Planning Institute of Jamaica

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Damage to the Electricity and Telecommunications sub industries amounted to $92.4 million and $136.9 million, respectively. The damage to the electricity industry, due mainly to broken poles and dislocated lines, impacted the electricity distribution system resulting in power outages. However, losses that should emanate from these outages were not established, but are expected to be minimal due to the relatively quick restoration of power, especially to large users. An approximate cost of $270.0 million was recorded for damage to Water Supply and Sanitation. This figure mainly reflected damage to the water and sanitation infrastructure in urban areas as assessment of damage to rural and remote infrastructure and associated losses were still outstanding. With regard to the Productive sector, Domestic Agricultural Crops, Livestock and Greenhouse/Protective cultivation sustained the most damage, amounting to $576.5 million. A further $22.0 million in loss was incurred and was related to relief assistance to the agriculture sector. The Tourism industry recorded damage of $88.3 million and losses of 76.2 million. Emergency Operations to include Parish Council drainage cleaning, vector control activities and ODPEM Relief supplies and Red Cross activities incurred a cost of $48.9 million. Projected Economic Performance in 2010 prior to TS Nicole General Trends Economic activity declined by 3.0 per cent in 2009. Despite this, a turnaround was projected for 2010 and the economy was expected to grow by 0.3 per cent. However, the fallout associated with the West Kingston events 21 in May, was estimated to detract 0.4 percentage point from growth resulting in a revised GDP out-turn of -0.1 per cent. Subsequently, new data revealed a worsening of this position, thus the GDP figure was further revised downwards to -0.5 per cent, reflecting: 1) higher than anticipated 21 A cost of approximately $22.5 billion, representing 2.1 per cent of 2009 current GDP, was incurred. 62
unemployment levels; and 2) reduced capacity utilization in some industries. were the fiscal deficit and inflation targets. Also revised Economic Policy Despite the challenges, Government remains committed to its stated economic policy of channeling the economy towards a path of growth and development. Hence the anticipated growth rate and targets outlined hinge heavily on the gains to be made from the economic policy being pursued by government. Medium-Term Monetary and Fiscal policy were developed within the context of the International Monetary Fund (IMF) Standby Agreement. a) Fiscal Policy The fiscal policy to be pursued should result in a projected decline of the fiscal deficit to 6.5 per cent of GDP, down from the 10.9 per cent of GDP recorded in FY 2009/2010. This is slated to be achieved through the fiscal consolidation measures linked to the IMF programme and will involve broad based programmes of adjustment, aimed at tempering the level of debt and associated debt servicing costs, streamlining expenditure and reforming the public sector as well as divestment of non-core public bodies and loss making public enterprises. b) Monetary Policy and Exchange Rate Within the context of current economic trends, monetary policy as pursued by the central bank, is guided by the medium-term objective of single digit inflation coupled with a stable exchange rate. During 2010, this policy objective was to be facilitated by, among other things, the: 1. relative stability of international commodity prices, in particular crude oil and grains; and 2. receipt of loans from multilateral institutions following the signing of the Stand-By Agreement with the IMF. Also included in the Government of Jamaica’s economic programme is the pursuit of a lower interest rate structure, with the expressed aim of providing affordable financing to both the public and private sectors. 63
Page 1 and 2:
JAMAICA MACRO SOCIO-ECONOMIC AND EN
Page 3 and 4:
TABLE OF CONTENTS I. INTRODUCTION .
Page 5 and 6:
LIST OF FIGURES Figure 1: Radar Com
Page 7 and 8:
Executive Summary Description of th
Page 9 and 10:
Infrastructure As in the case with
Page 11 and 12:
Education Total damage to education
Page 13 and 14:
I. INTRODUCTION The Meteorological
Page 15 and 16:
On September 30, most parishes cont
Page 17 and 18:
Table 1: Wind Analysis Parish Stati
Page 19 and 20:
• Clarendon - Grimmith recorded 3
Page 21 and 22:
The National Aeronautics and Space
Page 23 and 24: In the aftermath of the event, the
Page 25 and 26: Major landslide on the Maggotty mai
Page 27 and 28: The entrance to the Apple Valley Pa
Page 29 and 30: Figure 8: Areas Critically Affected
Page 31 and 32: Figure 9: Communities Affected by T
Page 33 and 34: elated to the weather event were tr
Page 35 and 36: At the time of the event, the predo
Page 37 and 38: Figure 10: Damage to Educational In
Page 39 and 40: C. Public Buildings a) Correctional
Page 41 and 42: Figure 12: Summary of Damage to the
Page 43 and 44: 3. Vector Control - Comprehensive p
Page 45 and 46: Figure 13: Total Damage to Agricult
Page 47 and 48: Table 15: Preliminary Costs of Dama
Page 49 and 50: Table 17: Preliminary Estimates of
Page 51 and 52: B. Tourism Sector General Overview
Page 53 and 54: Damage Preliminary cost of damage i
Page 55 and 56: IV. INFRASTRUCTURE The country’s
Page 57 and 58: islandwide. The number of customers
Page 59 and 60: The NWC was able to restore most of
Page 61 and 62: Table 23: Preliminary Cost To Re-Op
Page 63 and 64: As a result trips were shortened an
Page 65 and 66: events (Hurricane Ivan, 2004; Hurri
Page 67 and 68: Figure 18). Seagrass beds along wit
Page 69 and 70: Figure 19: Eroded section of Long B
Page 71 and 72: Waste Significant volumes of waste
Page 73: VI. MACROECONOMIC IMPACT OF TROPICA
Page 77 and 78: January April July October January
Page 79 and 80: domestic market, business and consu
Page 81 and 82: State of Emergency in sections of K
Page 83 and 84: mainly to a reduction in outflow of
Page 85 and 86: • a $4.0 million grant to assist
Page 87 and 88: VII. CONCLUSION AND RECOMMENDATIONS
Page 89 and 90: Proposed Projects Apart from projec
Page 91 and 92: APPENDIX 79
Page 93 and 94: RADAR SUMMARY DATE : September 26,
Page 107 and 108: APPENDIX 3 Depression in New Market
Page 109: Blocked drain 97
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Tropical Storm Nicole - Planning Institute of Jamaica

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