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Cabinet gives the Nod to NEC Report

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Contact: Rose Marie Harris

Monday, August 09, 2004 - The Cabinet of Ministers, accompanied by members of the Committee of Permanent Secretaries, met with the National Economic Council (NEC) on Friday, 6th August 2004 in the National Insurance Corporationís Conference Facility, to receive the Inaugural Report of the NEC.

The presentation by the NEC, led by its President, Richard Peterkin looked at the Development Framework within which it operated, articulated the need for an integrated strategic development approach, and identified sector specific initiatives and cross sector strategies for stimulating the economy in the immediate to short term.

Members of the Cabinet of Ministers questioned the NEC on issues raised in the report and sought clarification on some of the recommendations and strategies proposed.

There was a general consensus among the Cabinet members that the report was a good one, and that further dialogue with some specific sectors was required in order that it may be informed by current Government initiatives.

The meeting ended with an agreement to continue the discussion at a follow-up meeting with the Committee of Permanent Secretaries and another with the Cabinet, to respond to the issues which were raised.



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