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Oct 9, 2023 · Overview Context Strategy Results After decades of weak macroeconomic performance, Jamaica implemented an austerity program in 2013 which helped to reduce the public debt-to-GDP ratio by more than 50 percentage points.
Feb 22, 2022 · IMF Country Focus Jamaica Works to Maintain its Hard-Won Economic Stability February 22, 2022 Prior to the pandemic, Jamaica had successfully stabilized the economy, turning a fiscal deficit of 11 percent of GDP in 2009 into a 1 percent surplus in 2019, and reducing public debt from 142 percent of GDP in 2009 to 94 percent by 2019.
Oct 8, 2023 · Poverty increased by 5.7 percentage points from 11 per cent in 2017 to 16.7 per cent in 2021. Indeed, the COVID-19 pandemic played a role in pushing these poverty numbers up, but the decline began...
Jan 2, 2022 · Among the problem areas for the economy as seen by Professor Harris are the lack of good farm roads to move goods and services; breakdown in basic infrastructure such as water and electricity; failure to expand the tourism sector to incorporate local craft workers and artisans; the scourge of praedial larceny which adversely affects the agricult...
Jan 25, 2022 · This document presents the IMF's analysis and policy advice on Jamaica's economic and financial situation, based on the 2022 Article IV consultation. It covers topics such as fiscal and monetary policy, debt sustainability, social protection, and climate resilience. The document also discusses the staff-level agreement on a new PLL and RSF arrangement for Jamaica, which aims to support the ...