(Jamaica Observer) The World Bank (WB), in its Country Economic Memorandum (CEM) on Jamaica dismisses claims by Jamaican firms that access to financing, or crowding out, is a major hindrance to business development, pointing instead to crime, the high cost of electricity and low workers’ skills as the top three major constraints and noted that Jamaican firms complain more than other firms.
The report, published May 26, 2011 and recently launched at the University of the West Indies, Mona campus concluded that as a small open economy, the overall funds available to Jamaica do not seem to be a binding
