Jamaica Resident Representative Site
Resident Representative Office in Jamaica
This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Jamaica and the IMF. Additional information can be found on Jamaica and IMF country page, including official IMF reports and Executive Board documents that deal with Jamaica.
News and Highlights
Presented by Dr. Gene Leon IMF Senior Resident Representative, Jamaica KPMG Seminar: Achieving Regulatory Compliance & Administrative Efficiency within the Funds & Investment Market; September 21, 2011
Jamaica and The IMF
Jamaica: First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria
October 2, 2013
Series: Country Report No. 13/304
Press Release: IMF Completes First Review under Extended Fund Facility Arrangement for Jamaica and Approves US$30.6 Million Disbursement
Regional Economic Outlook: Western Hemisphere
Growth in Latin America and the Caribbean (LAC) remains in low gear, reflecting a less supportive external environment and, in some cases, domestic supply-side constraints. The region's output is projected to expand by 2¾ percent in 2013, with domestic demand remaining the main driver. The growth rate is expected to edge up to 3 percent in 2014 as external demand strengthens gradually, but will remain below the average growth rate of the last decade. In countries with low inflation and anchored inflation expectations, monetary policy should be the first line of defense if downside risks to the baseline materialize. Fiscal consolidation remains appropriate for countries with tight capacity constraints or limited fiscal space; it will also help constrain the continued widening of current account deficits. Safeguarding financial stability is a key priority in an environment of tighter global financial conditions and increased asset price volatility.