Jamaica to UN: Country Will Recover Faster From COVID-19 than for the 08/09 Global Recession

On Wednesday, (July 8), Jamaica presented at the United Nations High Level Political Forum on Sustainable Development (HLPF), and indicated that the economy is expected to recover within two to four years and employment within one to three years following global economic fall-out caused by the COVID-19 pandemic. The projected short recovery period compared with the global economic recession of 2008 to 2009 is due to the relative strength of the Jamaican economy, and stimulus packages that have been rolled-out both locally and globally.

The statement, which was delivered by the Planning Institute of Jamaica (PIOJ), further said that Jamaica anticipates slippages on the pace of achieving development targets that are being implemented under Vision 2030 Jamaica – National Development Plan and aligned to the global Sustainable Development Goals (SDGs). In spite of the challenges, Jamaica re-affirmed its commitment to implementing Vision 2030 Jamaica and the SDGs. The theme of the session was: Responding to the Economic Shock, Relaunching Growth, Sharing Economic Benefits and Addressing Developing Countries’ Financing Challenges.

The United Nations High Level Political Forum is the main platform for UN member states to report on progress towards Agenda 2030 and the Sustainable Development Goals.

Jamaica will participate in the following events of the HLPF which can be watched live on UN streaming platforms:

1. 9:30am-11:00am- Thursday July 9
HLPF Event
Are we leaving no one behind in eradicating poverty and working towards the 2030 Agenda?
http://webtv.un.org/

2. 7AM, Friday, July 10
ECLAC Side Event
“The 2030 Agenda for Sustainable Development in the New Global and Regional Context: Scenarios and Projections in the Current Crisis in Latin America and the Caribbean.”
https://live.cepal.org/hlpf

3. 8AM to 11:30AM Friday, July 17
High-level Segment of ECOSOC Multilateralism after COVID 19:
What kind of UN do we need at the 75th anniversary?
Where are we heading: Visions and scenarios for the future of the SDGs following the COVID-19 crisis
Closing of the High-level Segment of ECOSOC.
http://webtv.un.org/