After four decades of little or no growth, the Jamaican economy is expected to grow at 1-2% over the medium term. The country is confronted by serious social issues that predominantly affect youth, such as high levels of crime and violence and high unemployment.
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Jamaica’s New IMF Agreement to Support Growth, Create Jobs
Jamaica’s New IMF Agreement to Support Growth, Create Jobs
- Jamaica has made good progress under previous IMF-supported program
- More growth, jobs still needed
- New IMF loan to also provide insurance against unexpected shocks
Strong Recovery in Jamaica but Bold Reforms Still Needed
- Jamaica’s reforms beginning to bear fruit but growth still too low
- Fiscal discipline crucial to restore economic stability
- Focus on growth-enhancing structural reforms