IDB Country Strategy with Jamaica (2006-2009)

This Country Strategy is consistent with the MTSEPF and also complements the programs of other International Development Partners (IDPs). A key area of focus will be private sector development, where the Bank will seek to support improvements in the incentive framework and the business environment. There is a range of relatively small but catalytic changes and microeconomic reforms that could be made to improve the business environment and which are amenable to Bank support. The thrust of these reforms will be to build economic opportunities for the majority by measures such as reducing the transaction costs for titling and registering land, improving access to credit for sole proprietors and small businesses, and improving incentives for informal businesses to become formal. The Country Strategy incorporates the Private Sector Development Strategy, which delineates avenues of assistance from the Multilateral Investment Fund (MIF), Private Sector Department (PRI) and Inter-American Investment Corporation (IIC).'