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
Jamaica and The IMF
Press Release: Statement by IMF Managing Director Christine Lagarde at the Conclusion of Her Visit to Jamaica
The Caribbean and the IMF—Building a Partnership for the Future, by Christine Lagarde, Managing Director, IMF
Press Release: IMF Executive Board Concludes 2014 Article IV Consultation and Fourth Review Under the Extended Fund Facility with Jamaica and Approves US$70.9 Million Disbursement
Jamaica: 2014 Article IV Consultation and Fourth Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Jamaica
June 20, 2014
Series: Country Report No. 14/169
Regional Economic Outlook: Western Hemisphere
Growth across Latin America and the Caribbean is expected to remain subdued at 2.5 percent in 2014. The firming recovery in the advanced economies will support export activity, but this positive impulse is likely to be offset in many countries by the impact of lower commodity prices, tighter external financing conditions, and domestic supply bottlenecks. Renewed volatility in financial markets and a sharper-than-expected decline in commodity prices represent distinct downside risks. Faced with these challenges, policymakers should seek to preserve credible policy frameworks and ensure sufficient buffers to cope with adverse shocks. For fiscal policy, a neutral to tighter stance will be appropriate in most countries, while exchange rate flexibility and proactive supervision of the financial system should serve as the principal defenses against external volatility. To boost medium-term growth prospects, further efforts are needed to raise infrastructure investment, improve educational outcomes, and enhance the business environment.