FOCUS AND OBJECTIVES
The EPC main objective is to inform the private sector on Government policy in matters affecting economic development, particularly as it relates to the growth of the private sector.
In fulfilling the PSOJ’s mission to effectively advocate for the implementation of public policy that enables strong, sustainable private sector led economic growth, job creation and development, the EPC/PSOJ formulated a macroeconomic policy framework. It is believed that such a macroeconomic framework will achieve high rates of sustained economic growth and employment. The framework is not meant to be a laundry list nor an all encompassing inventory of every policy the PSOJ supports. Rather, the framework is a realistic set of policy recommendations which recognizes the constraints imposed on policy makers by limited resources.
The EPC/PSOJ macroeconomic policy framework is based on four pillars:
· Ensuring Macroeconomic Stability
· Reforming Tax System
· Creating and Enabling Legal and Regulatory Environment
· Reforming Industrial, Trade and Investment Promotion Policy
Mr. Joseph Matalon (left), President of the PSOJ delivering a presentation on the PSOJ Economic Policy Framework. Mr. Nicholas Scott, Chair of the Economic Policy Committee sharing salient points from the PSOJ Economic Policy Framework.
 
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The EPC/PSOJ has strategically aligned itself to the Caribbean Policy Research Institute (CaPRI) which has agreed to provide the PSOJ with regular, sound, empirical research on current issues and conditions affecting the Jamaican reality.
The Committee now meets on the third (3rd) Wednesday of each month and has outlined the following Terms Of Reference (TOR) for its ongoing activities:
- Providing policy makers with input concerning the likely implications of various policy initiatives on the business sector
- Evaluating the performance of the fiscal and monetary authorities in order to encourage greater accountability and effective policy decisions
- Planning and hosting the PSOJ’s Annual Economic Seminar
- Analysing economic developments and providing current opinions to the Organisation’s members in order to help guide their business decisions
- Providing a mechanism for formulating and articulating the PSOJ’s position on major economic issues such as interest rate policy and tax administration.
- Providing an avenue through which the PSOJ can track select macro economic trends and challenges affecting the sectors represented on the Committee
- Contributing to the development of an overall policy framework which favours business sector expansion in a context of broader economic growth and sustainability.
- Reviewing and contributing to the contents of the PSOJ monthly Economic Bulletin.