KINGSTON, Jamaica, CMC – The Planning Institute of Jamaica (PIOJ) has launched the Inclusive Development Index Framework (IGIF), permitting for a complete measurement instrument for progress.
The index, developed by the PIOJ’s Development Inducement Programme (GIP), supplies a extra complete understanding of the interrelatedness of key progress drivers particular to Jamaica.
PIOJ’s director basic, Dr. Wayne Henry, stated the IGIF encapsulates important focus areas, together with equality and fairness, well being, human capital, environmental high quality, social safety, security and safety, and wealth.
“By consolidating indicators related to Jamaica into key sub-indices on a composite index, the IGIF supplies a complete foundation for measurement monitoring and in-depth evaluation, providing priceless insights for creating coverage responses and proactive initiatives tailor-made to our folks’s numerous wants.”
Henry stated that the launch marks a major milestone in Jamaica’s improvement, because the PIOJ formally presents a strong new instrument that was created to considerably improve the nation’s skill to attain the objectives and targets outlined in Imaginative and prescient 2030, Jamaica’s nationwide improvement plan to achieve improved financial and social outcomes for all.
“The numerous years of collaborative effort that has gone into conceptualizing and growing this instrument has been pushed by a dedication shared by many stakeholders to broaden the standard financial progress fashions, recognizing the crucial of inclusive and sustainable improvement,” Henry stated.
The Director Normal stated that the demand for such measures had grown considerably, fuelled by a world shift in direction of recognizing the interaction between financial progress and social and environmental elements.
He stated that the 2008 monetary disaster and the adoption of the Sustainable Improvement Targets (SDGs) in 2015 by the 193 member states of the United Nations underscored the significance of transferring past gross home product (GDP) as a sole indicator of progress.
Whereas acknowledging the existence of world indices such because the United Nations Improvement Programme’s Human Improvement Index, the IGIF distinguishes itself by being tailor-made to Jamaica’s particular state of affairs.
“Moreover, the IGIF’s wider scope and concentrate on understanding the interrelatedness of key progress drivers makes it a strong instrument for knowledgeable decision-making and sustainable improvement planning. Importantly, the IGIF just isn’t solely ground-breaking for Jamaica however globally, as it’s a framework that different international locations can use to mannequin their respective circumstances in pursuit of inclusive progress,” Henry stated.
“It acknowledges the important significance of inside nuances in shaping a nation’s improvement path, balancing exterior benchmarking with the distinctive traits that make every nation distinct,” he added.
Henry expressed appreciation and congratulations to the broader PIOJ staff for his or her efforts in conceptualizing and executing the event of the instrument.
He additionally expressed gratitude to all stakeholders, such because the PricewaterhouseCoopers staff, the Basis for Competitiveness and Development Mission (FCGP), and the World Financial institution, for offering the financing that allowed the IGIF to fruition.
“We anticipate the constructive influence the IGIF may have on Jamaica’s focusing on of sturdy, sustainable, and inclusive financial progress to make Jamaica the place of option to dwell, work, elevate households, and do enterprise,” Henry stated.
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