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.
At a Glance
- Current IMF membership: 189 countries
- Jamaica joined the Fund in February 21, 1963; Article VIII
- Total Quotas: SDR 273.50 Million
- Loans outstanding: Stand-By Arrangements SDR 509.90 Million
- Last Article IV Consultation: 2016 Article IV Consultation and the 11th and 12th EFF Reviews
Presentation by Constant Lonkeng Ngouana, IMF Resident Representative for Jamaica; Rotary Club Luncheon, Kingston
December 8, 2016
The Gleaner: Op-Ed by Constant Lonkeng Ngouana, IMF Resident Representative in Jamaica, and Uma Ramakrishnan, IMF Mission Chief for Jamaica.
November 22, 2016
The Observer : Article by Constant Lonkeng Ngouana, IMF Resident Representative in Jamaica
November 13, 2016
Presentation by Constant Lonkeng Ngouana, IMF Resident Representative in Jamaica
September 30, 2016
July 19, 2016
IMF’s Work on Jamaica
March 10, 2017
Author/Editor:International Monetary Fund. Western Hemisphere Dept.
Series:Country Report No. 17/66
March 3, 2017
February 15, 2017
November 15, 2016
Author/Editor: International Monetary Fund. Western Hemisphere Dept.
Series: Country Report No. 16/350
November 15, 2016
Regional Economic Outlook
Latin America and the Caribbean: Are Chills Here to Stay?October 2016
Economic activity in Latin America and the Caribbean is expected to bottom out in 2016, before making a modest recovery next year. While weak external demand and persistently low commodity prices continue to weigh on the regional outlook, domestic developments have been the key driver of growth outcomes in some stressed economies. GDP is expected to contract by 0.6 percent in 2016 before recovering to 1.6 percent growth in 2017. Recurrent growth disappointments point to lower potential growth, underscoring the need for structural reforms to boost productive capacity, but these will take time to bear fruit. Exchange rate flexibility has served the region well and, with shifting global trends, should continue to serve as the first line of defense against adverse shocks. In many cases, the need for a contractionary monetary policy stance is no longer evident, with inflation and inflation expectations returning to target levels. With risks still on the downside, countries should use the improved global financial environment to rebuild their fiscal buffers while preserving critical capital expenditures and social outlays. Uncertainty concerning the duration of easy global financial conditions poses risks for the region, while financial and corporate sector vulnerabilities bear closer monitoring.