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
July 19, 2016
February 11, 2016
Presentation by Bert van Selm, IMF Resident Representative in Jamaica
September 9, 2015
The Gleaner: Op-Ed by Bert Selm, IMF Resident Representative in Jamaica
August 30, 2015
The Gleaner: Interview By Bert van Selm, IMF Resident Representative in Jamaica
May 19, 2015
IMF’s Work on Jamaica
August 19, 2016
July 21, 2016
Jamaica : 2016 Article IV Consultation, Eleventh and Twelfth Reviews Under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jamaica
June 21, 2016
Series: Country Report No. 16/181
June 21, 2016
June 21, 2016
After several decades of low growth and rising public debt, Jamaica has made significant progress in restoring economic stability thanks to strong policies and program ownership.
Regional Economic Outlook
Managing Transitions and RisksApril 2016
With the global economy still struggling, many countries in Latin America and the Caribbean are facing a harsher world than they did just a few years ago. The growth outlook is weaker in advanced and emerging economies alike, while the gradual slowdown and rebalancing of economic activity in China is likely to keep commodity prices lower for longer. Meanwhile, favorable external financial conditions over the past several years have become more volatile, and risks of a sudden tightening are on the rise.
Against this backdrop, economic activity in Latin America and the Caribbean has been revised downward, compared with our January update and is likely to contract for a second consecutive year in 2016. But the growth outlook varies substantially within the region. While external conditions have placed a large drag on all commodity exporters, countries expected to post negative growth will do so mainly because of domestic imbalances and rigidities at home, and, in certain cases, temporary impact of policies designed to transition away from earlier distortions.
But the news isn't all bad. In the rest of the region—and particularly where policy frameworks have been strengthened over the past two decades—a relatively smooth adjustment continues. Given these broad contours, growth stories vary between the south and north.