Jamaica’s Fiscal Woes at Heart of Downgrade

Jamaica Gleaner: “Jamaica’s fiscal woes at heart of downgrade”

Much of the discussions on the S&P rating downgrade from B- to CCC+ suggest it was premature, given that in recent months Jamaica’s credit profile has improved steadily.

Jamaica Gleaner: “Latibeaudiere knocks S&P rating”

In language echoing that of other senior government officials, central bank governor Derick Latibeaudiere branded Standard & Poor’s downgrade of Jamaica as premature and unwarranted,…

Jamaica Gleaner: “Central bank more bullish on Jamaica’s prospects – Amends inflation target downwards”

Jamaica’s central bank has maintained its forecast for a decline in output of between three and four per cent this fiscal year, but said that inflation could be up to two percentage points lower than previously projected.

Jamaica Observer: “Government faces difficult choices in addressing fiscal problems – Latibeaudiere”

The Government is committed to addressing the country’s fiscal problems. However, this will require difficult choices.

Jamaica Gleaner: “Early IMF booster – Jamaica to get US$320m from Fund in September”

EVEN AS discussions continue for Jamaica to resume a borrowing relationship with the International Monetary Fund (IMF), the way has been cleared for the country to get approximately US$320 million (J$28.5 billion) from the fund by early next month.

Jamaica Gleaner: “Remittances plunge – Flow dips to three-year low”

Remittance inflows to Jamaica have already dropped close to 16 per cent since January, and a multilateral agency is predicting that money transfer markets will continue to slide and that the drop would be widespread across Latin America and the Caribbean region.