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Jamaica ranks 4th in LAC for private partnership programmes

March 2, 2018 1:12 PM
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According to the Government, as at March 2017, Jamaica's public-private partnerships (PPP) programme ranked fourth in Latin America and the Caribbean.

The Jamaica Public Bodies (JPB) book, tabled at the opening of the new parliamentary year on February 15, states that this was announced by the Economist Intelligence Unit (EIU) and the Inter-American Development Bank (IDB) when they revealed the results of the 2017 INFRASCOPE — a survey that ranks 19 countries in Latin America and the Caribbean based on their capacity to mobilise private investment in infrastructure through PPPs.

The Development Bank of Jamaica's (DBJ) functions, as they relate to PPPs, are complemented by the work of a PPP Unit within the Ministry of Finance and the Public Service. The unit assesses value for money of the project and ensures they are aligned with the Government's fiscal programme for debt reduction and sustainability. Both units assess transactions consistent with the PPP criteria established in the PPP policy.

During 2017/18 fiscal year, ongoing sensitisation and consultations continued in relation to the programme. In addition, amendments to the privatisation and PPP policies were pursued.

(b) include in the privatisation policy the process for new modalities (such as stock market listing), and to recognise in the PPP policy, the Public Investment Management Secretariat and the role it plays.

Activities in this regard are expected to continue in 2018/19, the JPB said.


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