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.
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