We still have work to do, says Vaz on positive Doing Business report
KINGSTON, Jamaica – Minister without Portfolio in the Office of the Prime Minister (OPM) and Chairman of Jamaica’s National Competitiveness Council, (NCC) Daryl Vaz has welcomed the movement of four places in the recent Doing Business Report published by the World Bank.
However, notwithstanding the improvement, Vaz, has noted Jamaica still has much work to do in ensuring that the country’s business environment is competitive enough to allow businesses to grow.
“I want to commend the work of the various public entities that have made the four point jump possible; I believe it reflects the commitment to change the way we do business in Government and deliver services that will facilitate greater economic growth. However, I also want to point out that it is only just the beginning of what needs to be done to reduce the bureaucracy and make it easier to do business in Jamaica,” Vaz noted in a statement from the OPM today.
The minister reiterated the position of Prime Minister Andrew Holness at a special meeting of the Council last November, where Government agencies were charged to embrace the changes required to reduce the bureaucracy given the Government’s commitment to the transformation of the public sector.
“Just yesterday, the National Competitiveness Council met and reviewed a list of reform initiatives that agencies have agreed to implement to effect the necessary improvements, and we are currently awaiting review and approval for funding to be identified,” said Vaz, who took up the mantle of NCC Chairman just over two years ago.
He was referring to the funding of the country’s Business Environment Reform Agenda, which was developed in consultation with the World Bank as the most impactful set of reforms for the Government based on global best practices and potential impact on the ease of doing business, the OPM said.
The Doing Business Report, which is published annually by the World Bank, is based on reports from private sector stakeholders as well as the Government. In addition to moving up in the rankings, Jamaica also recorded a two-point jump in its Doing Business Score moving from 67.47 to 69.7.
