Training on Financing of Social Protection & Round-table discussions on Costing of Jamaica’s Social Protection Floor
Vision 2030 Jamaica, a long term people-centred National Development Plan, aims to achieve a more effective social protection system and to make Jamaica “the place of choice to live, work, raise families and do business”. Inadequate fiscal space and low familiarity on costing and financing of social protection amongst its staff lead to the Planning Institute of Jamaica (PIOJ), the economic and social planning agency of the Jamaican to Government to request SOCIEUX´s assistance, the mission to take place from 7th to 11th July.
During a three day tailored training on financing social protection, the SOCIEUX experts Mr. Michel Rovers, Director of the Strategy, Policy and Research Department of the Dutch Employee Insurance Agency, and Mr. Derek Osborne, former Actuary at the National Insurance Board in the Bahamas, will touch upon trends, patterns and determinants of social expenditure, the nexus of economic growth and social protection, the role of taxation, innovative financing methodologies and resourcing strategies and investing social protection reserves.
The technical training will be attended by some 25 representatives of the Planning Institute of Jamaica (PIOJ), the Ministry of Finance and Planning, the Ministry of Labour and Social Security including the National Insurance Fund and the Office of the Prime Minister. Key stakeholders will also take part in a two days round table discussions to finalise the PIOJ’s Terms of Reference on costing of the Social Protection Floors for Jamaica, which will widen Basic Income Security and Basic Social Services.