Consistent with the Government of Jamaica’s growth plans, the Foundations for Competitiveness and Growth Project (FCGP) will contribute to the implementation of ‘Vision 2030’ by creating an enabling business environment and will result in achieving Goal 3 – “Jamaica will be prosperous”.
This will be realised through the creation of:
a strong economic infrastructure with internationally competitive industry structures
business development support and increasing finance, fostering a culture of entrepreneurship and innovation.
The first component will provide technical assistance and implementation support to address critical business regulation and procedural issues that constrain firm entry, operation and expansion, competition, and trade and logistics.
The second component will finance studies and technical assistance to enable the government to prepare and close large strategic investment transactions with private sector participation. It includes following two sub-components: (i) project preparation facility (PPF); and (ii) technical assistance and studies for investment support.
The third component will provide support directly to Small and Medium-Sized Enterprises (SME) by funding a combination of supply chain learning, skills upgrading, and finance. It consists of following two sub-components: (i) SME supply chain support and skills upgrading; and (ii) SME finance.
The fourth component includes following two sub-components: (i) project management and implementation; and (ii) technical assistance for communications and productivity evaluation.
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