2. National Development PlanVision 2030 JamaicaNational Development PlanVision 2030 Jamaica VISION 2030 JAMAICA - NATIONAL DEVELOPMENT PLAN Presentation to Economic Growth Symposium October 1, 2014 MSMEs Contribution to National Targets and Vision 2030 Jamaica Planning for a Secure and Prosperous Future

3. National Development PlanVision 2030 Jamaica Vision 2030 Jamaica Structure 4 Goals 15 National Outcomes National Vision 84 National Strategies Sector Strategies and Actions

4. National Development PlanVision 2030 Jamaica 11/6/104 GOALS LINKED TO OUTCOMES

5. National Development PlanVision 2030 Jamaica MTF 2012-2015 Priority Themes and National Outcomes National GoalsMedium Term ThemePriority National Outcomes National Goal # 1: Jamaicans Are Empowered To Achieve Their Fullest Potential Development and Protection of Human Capital A Healthy and Stable Population World Class Education and Training Effective Social Protection National Goal # 2: The Jamaican Society Is Secure, Cohesive and Just National Security and Justice Security and Safety Effective Governance National Goal # 3: Jamaica’s Economy Is Prosperous Economic Stability, Competitiveness and Employment A Stable Macroeconomy An Enabling Business Environment Priority Economic Projects National Goal # 4: Jamaica Has a Healthy Natural Environment Environmental Resilience and Climate Change Response Hazard Risk Reduction and Adaptation to Climate Change

6. National Development PlanVision 2030 Jamaica Integrated National Development Plan (National Level) Integrated National Development Plan (National Level) Medium-Term Socio- Economic Policy Framework (National Level) Medium-Term Socio- Economic Policy Framework (National Level) Sector Plans (Sector Level) Sector Plans (Sector Level) Corporate & Operational Plans & Budgets of Public Sector MDAs, Private Sector Investments, Civil Society Projects, IDP Country Programmes and the Diaspora Integrated Planning and Implementation Framework

7. National Development PlanVision 2030 Jamaica Vision 2030 Jamaica and MSMEs – Selected National Outcomes and Strategies National Outcome # 8: An Enabling Business Environment  National Strategy 8-1: Ensure a facilitating policy, regulatory and institutional framework for business development -Improve and streamline bureaucratic processes for business establishment and operation  National Strategy 8-6: Improve the labour environment to enhance labour productivity and worker satisfaction -Undertake comprehensive labour market reform  National Strategy 8-7: Develop the capabilities of micro, small and medium-sized enterprises (MSMEs) -Provide training and capacity development for MSMEs -Expand credit facilities for MSMEs -Promote and develop entrepreneurship -Increase awareness and information on business opportunities and programmes for MSMEs

8. National Development PlanVision 2030 Jamaica Vision 2030 Jamaica and MSMEs – Selected National Outcomes and Strategies Cont’d National Outcome # 2: World Class Education and Training  National Strategy 2-11: Strengthen the Mechanisms to Align Training with the Demands of the Labour Market National Outcome # 7: A Stable Macroeconomy  National Strategy 7-2: Develop and Efficient and Equitable Tax System National Outcome # 9: Strong Economic Infrastructure  National Strategy 9-5: Develop Jamaica as a Regional Logistics Hub with Multimodal Transport Linkages National Outcome # 12: Internationally Competitive Industry Structures  National Strategy 12-1: Develop Company Sophistication and Productivity  National Strategy 12-2: Develop Economic Linkages and Clusters

9. National Development PlanVision 2030 JamaicaNational Development PlanVision 2030 Jamaica National Outcome #8: Enabling Business Environment Priority Strategies and Actions (Selected) Timeline for CompletionResponsible Agencies National Strategy 8-7: Develop the capabilities of micro, small and medium-sized enterprises (MSMEs) Sector Strategy: Increase and strengthen acquisition, analysis and application of data and information on MSMEs and the informal sector Complete and promulgate the new MSME and Entrepreneurship Policy FY2013/2014MIIC Sector Strategy: Promote and develop entrepreneurship Introduce a practical component of entrepreneurship in schools in collaboration with business associations FY2013/2014 – FY2014/2015 MIIC, MOE, PSOJ, JBDC Sector Strategy: Expand credit facilities for MSMEs Provide credit to MSMEs through Mobile Money FY2012/2013 – FY2013/2014 DBJ, MOFP, MIIC, BOJ, Private Sector Sector Strategy: Provide training and capacity development for MSMEs Provide incubator support services to MSMEs in areas such as food processing, fashion, jewellery and furniture FY2013/2014 – FY2014/2015 JBDC, BSJ

10. National Development PlanVision 2030 JamaicaNational Development PlanVision 2030 Jamaica GoJ Growth Strategy – Components ComponentRole Core Economic Components 1. Fiscal ConsolidationProvides Macroeconomic Stability 2. Business Environment Competitiveness Reforms Addresses Constraints in the Business Environment 3. Strategic Investment ProjectsProvide Catalytic Capital Investments and Employment; Improve Business Environment Supporting Components 4. Human Capital Development and Protection Builds Labour Productivity; Provides Social Protection 5. Human and Community Security Addresses Crime and Violence Constraints 6. Environmental ResilienceReduces Impact of Disasters and Climate Change

11. National Development PlanVision 2030 JamaicaNational Development PlanVision 2030 Jamaica Growth Strategy – Core Economic Components 1. Fiscal Consolidation 2. Business Environment 3. Strategic Investments i.Deficit Reduction ii.Debt Management iii.Tax Reform iv.Fiscal Accountability v.Public Sector Rationalization vi. Inflation Control i.Improved Access to Credit including for MSMEs ii.Streamlining Approvals and Business Registration iii.Legal Processes iv.Customs Processes v.Energy Sector Reforms i.Logistics Hub ii.Agro Parks iii.ICT Parks iv.Road Infrastructure Projects v.Hotel Development Projects vi.Energy Diversification vii.Urban Renewal

12. National Development PlanVision 2030 JamaicaNational Development PlanVision 2030 Jamaica Contribution of MSEs (2013) Number of GCT Registered MSEs9,996 Share of GCT Registered Companies 80.4 % Sales of GCT Registered MSEsJ$50.1 B Share of Sales of GCT Registered Companies 5.9 % Own Account Workers 401,600 Share of Total Employed Labour Force 36.2 %

13. National Development PlanVision 2030 JamaicaNational Development PlanVision 2030 Jamaica Relevant Indicators and Targets Indicators Baseline ActualTargets 200720092010201120122013201220152030 Real GDP annual growth rate (base 2007) (%) 1.43-3.42-1.451.40-0.470.2031.75 Ease of Doing Business Ranking 506779858890585334 Unemploy- ment rate (%) 9.811.412.412.613.915.2107.54 Percentage of labour force that is certified (%) 18.520.121.223.223.524.4253090

14. National Development PlanVision 2030 JamaicaNational Development PlanVision 2030 Jamaica MSMEs – Selected Current Initiatives  Foundations for Competitiveness and Growth Project (World Bank) -Component 3 (US$23.2 M): SME Value Chain Development, Capacity Building and Line of Credit -Administered by DBJ  Caribbean Growth Forum (CGF) -Survey of Microfinance and Small Business Financing Institutions (2014)  PIOJ Growth Secretariat -Financial Information and Real-Time Matchmaking (FIRM) Expo – October 4, 2014 -In collaboration with DBJ, JBA, PSOJ, JAMPRO, JBDC, CRP, World Bank, First Global Bank, HEART Trust/NTA, Media

15. National Development PlanVision 2030 JamaicaNational Development PlanVision 2030 Jamaica THANK YOU

16. National Development PlanVision 2030 JamaicaNational Development PlanVision 2030 Jamaica DISCUSSION Presented by the Planning Institute of Jamaica