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.
Great job, stay the course, says IMF
In their fifth review of the IMF’s extended fund facility, the IMF noted that the programme is “on track”, with “strong policy implementation”. All quantitative targets and structural benchmarks were met.
Jamaica Moves from Stable to Positive
International credit rating agency, Standard and Poorâ€™s (S&P), has improved its outlook on Jamaica from stable to positive.
Jamaica passes 5th IMF test, to get $US68.8 under agreement
KINGSTON, Jamaica â€“ Jamaica can now access roughly US$68.8 million in loan following a successful review of the economy by the Executive Board of the International Monetary Fund (IMF).