In support of its objective to complete preparation of a new Medium Term Social Economic Policy Framework (MTF), as well as the development of an integrated planning, monitoring and evaluation framework, the Planning Institute of Jamaica (PIOJ) has been allocated $66.32 million in the 2012/13 financial year.
This is reflected in the Estimates of Expenditure tabled in the House by the Finance Minister, Hon. Dr. Peter Phillips, on May 10.
The allocation comprises $36.5 million by the Government of Jamaica and $29.82 million in loan support from the Caribbean Development Bank (CDB).
Completion of the new policy framework for 2012/13 to 2014/15, including the development of an integrated planning, monitoring and evaluation structure are among the anticipated physical targets of the PIOJ for the financial year.
The overall project, which underpins the country’s development agenda being promulgated by the PIOJ, began in February 2006 with a June 2008 deadline, but was subsequently extended from July 2008 to December 2012.
The project has chalked up significant achievements, including the production of 30 sector plans and the development of the country’s Growth Inducement Strategy and Communication Renewal Programme aligned with the National Development Plan.
By Allan Brooks, JIS Senior Reporter