Richard Byles wants Government to establish committee to drive growth and investment

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Co-chair of the Economic Programme Oversight Committee, EPOC, Richard Byles, says it would be useful for the government to establish a public-private committee, similar to EPOC, to drive growth and investment.

Mr Byles was speaking at EPOC’s monthly press briefing in New Kingston this morning.

Orville Burke was at this morning’s press briefing.

ORVILLE WRAP ( BYLES ON GROWTH ) JULY 14, 2014

The EPOC Co-chair says most of the economic indicators are continuing to move in the right direction.

However, he says generating meaningful economic growth continues to be a challenge.

As such, he says the establishment of a committee dedicated to developing policies and targets for growth and investment could only bolster the country’s chances of realizing higher levels of growth.

Byles on Growth Committee 14Jul14

Mr. Byles says he believes EPOC needs to examine the reasons for the poor performance of the export sector.

Byles on EPOC focus on Export Sector 14Jul14

And, the EPOC co-chair says he’s also in support of the Central Bank’s decision to intervene in the foreign exchange market last week to restore order.