[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108144-en":3,"doc-seo-108144-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108144,1099513958762,"Logic","https://ap-avatar.wpscdn.com/avatar/1000023916a998db790?x-image-process=image/resize,m_fixed,w_180,h_180&k=1784791008015729253",8,"Research & Report","Country Private Sector Diagnostic - Creating Markets in Jamaica - Repositioning for Private Sector-led Sustainable Growth","Country Private Sector Diagnostic for Jamaica presents an evidence-based assessment of the economy’s private sector landscape and the constraints limiting sustainable market creation. It reviews socioeconomic and COVID-19 impacts, evaluates productivity, trade, and investment performance, and analyzes cross-cutting barriers such as crime and violence, weak competition and business regulation, inefficient trade processes, limited SME finance, skills mismatches, electricity inefficiencies, and underdeveloped logistics. The report identifies sector opportunities, including agriculture and outsourcing, to support private sector-led growth.","Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized  \nPublic  \nCOUNTRY PRIVATE SECTOR DIAGNOSTIC  \nCREATING MARKETS IN JAMAICA  \nRepositioning for Private Sector–led Sustainable Growth  \nMay 2022  \nAbout IFC  \nIIFC—a member of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets . We work in more than 100 countries, using our capital, expertise, and influence to create market s and opportunities in developing countries . In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impact s of the COVID-19 pandemic. For more information, [visit www.ifc. org](visit www.ifc. org).  \n© International Finance Corporation 2022. All rights reserved.  \n2121 Pennsylvania Avenue, N.W.  \nWashington, D.C . 20433 [www.ifc. org](www.ifc. org)  \nThe material in this work is copyrighted. Copying and /or transmitting portions or all of this work without permission may be a violation of applicable law. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. The findings, interpretations, views, and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the Executive Directors of the International Finance Corporation or of the International Bank for Reconstruction and Development (the World Bank) or the governments they represent .  \nPhotos: Cover, World Bank Group.  \nCONTENTS  \nAcknowledgments iv  \nExecutive summary v  \nAbbreviations and acronyms xiii  \n1 COUNTRY CONTEXT 1  \nSocioeconomic indicators and the economic impacts of COVID-19 1  \nProductivity, trade, and investment in Jamaica 4  \n2 STATE OF THE PRIVATE SECTOR 8  \n3 CROSS-CUTTING CONSTRAINTS TO PRIVATE SECTOR GROWTH 12  \nCrime and violence 12  \nWeaknesses in competition and business regulation 13  \nInefficient trade processes and procedures 19  \nLack of access to finance for micro, small, and medium-size enterprises 21  \nLabor skills mismatches and shortages 24  \nInefficient electricity sector 26  \nUnderdeveloped logistics services 28  \n4 IDENTIFYING SECTOR OPPORTUNITIES 36  \nAgriculture 37  \nOutsourcing 55  \nBOXES  \n1.1. Tourism: a leading contributor to GDP, job creation, and foreign  \nrevenue—with high vulnerabilities 5  \n3.1. Example of digital financial services regulation: Mexico’s fintech law 23  \n3.2. Public-private partnerships: a pathway to improve infrastructure services 27  \n4.1. Horticulture success stories 43  \n4.2. Climate information systems for agriculture 52  \n4.3. Costa Rica’s transformation into a multifunctional business destination 58  \n4.4. A global services operations in Jamaica: private sector–led growth evolving with industry needs 59  \nFIGURES  \n1.1. Poverty rates in Jamaica 2  \n1.2. Recent changes in consumption or income 3  \n1.3. Herfindahl index of export concentration 5  \n1.4. Foreign direct investment and remittances in Jamaica 6  \n2.1. Distribution of Jamaican firms, by age 9  \n2.2. Export and import activity among firms 9  \n3.1. Intensity of domestic competition and effectiveness of  \nantimonopoly policy 14  \n3.2. Economywide Product Market Regulation scores 15  \n3.3. Anticompetitive restrictions and constraints on private sector  \nactivity in Jamaica 16  \n3.4. Export and import costs 20  \n3.5. Credit to the private sector 22  \n4.1. Crop area harvested and gross production value in Jamaica 38  \n4.2. Food consumption and production in Jamaica 39  \n4.3. Prioritization of agricultural products based on competitiv","cbCaigxMvBw5BBar","https://ap.wps.com/l/cbCaigxMvBw5BBar","pdf",4136571,4,1,86,"English","en",105,"# Contents\n## Executive summary\n## Abbreviations and acronyms\n## Country context\n## State of the private sector\n## Cross-cutting constraints to private sector growth\n## Identifying sector opportunities\n## Boxes","[{\"question\":\"What is the purpose of this Country Private Sector Diagnostic for Jamaica?\",\"answer\":\"It assesses the private sector environment in Jamaica and diagnoses cross-cutting constraints that hinder market creation and sustainable growth. It also outlines sector opportunities to enable private sector-led expansion.\"},{\"question\":\"Which cross-cutting constraints are highlighted as limiting private sector growth?\",\"answer\":\"The report highlights crime and violence, weaknesses in competition and business regulation, inefficient trade processes, lack of access to finance for micro, small, and medium enterprises, labor skills mismatches and shortages, inefficient electricity, and underdeveloped logistics services.\"},{\"question\":\"What sector opportunities does the report identify for Jamaica?\",\"answer\":\"It identifies opportunities in agriculture and in outsourcing. These sections focus on where private investment can expand value, jobs, and competitiveness.\"}]",1784469091,217,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":28},"country-private-sector-diagnostic-creating-markets-in-jamaica-repositioning-for-private-sector-led-sustainable-growth","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":20},"https://docshare.wps.com/document/country-private-sector-diagnostic-creating-markets-in-jamaica-repositioning-for-private-sector-led-sustainable-growth/108144/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":24,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-29","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What is the purpose of this Country Private Sector Diagnostic for Jamaica?","Question",{"text":75,"@type":76},"It assesses the private sector environment in Jamaica and diagnoses cross-cutting constraints that hinder market creation and sustainable growth. It also outlines sector opportunities to enable private sector-led expansion.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Which cross-cutting constraints are highlighted as limiting private sector growth?",{"text":80,"@type":76},"The report highlights crime and violence, weaknesses in competition and business regulation, inefficient trade processes, lack of access to finance for micro, small, and medium enterprises, labor skills mismatches and shortages, inefficient electricity, and underdeveloped logistics services.",{"name":82,"@type":73,"acceptedAnswer":83},"What sector opportunities does the report identify for Jamaica?",{"text":84,"@type":76},"It identifies opportunities in agriculture and in outsourcing. 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