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: 190 countries
- Jamaica joined the Fund in February 21, 1963; Article VIII
- Total Quotas: SDR 382.90 Million
- Loans outstanding: Stand-By Arrangements SDR 480.19 Million
- Last Article IV Consultation: April 10, 2018
Office Activities
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PODCAST: Unpacking Jamaica’s Currency Depreciation
In this podcast, IMF economist Uma Ramakrishnan, says the central bank’s renewed commitment to its flexible exchange rate regime will help stabilize prices and spark growth.
September 12, 2018
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IMF statement on recent media reports concerning Barbados’ Financial Supervision
The IMF has a longstanding commitment to the Caribbean region. We provide support to country authorities’ efforts to strengthen financial sector regulation and supervision, including through the Caribbean Regional Technical Assistance Center. The IMF does not, however, make assessments of the financial position of individual firms nor entities. We would refer specific questions to the Barbados Financial Services Commission, which has recently issued a comprehensive statement.
December 20, 2017
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Jamaica—Putting the New Precautionary SBA in Perspective
Presentation by Constant Lonkeng Ngouana, IMF Resident Representative for Jamaica; Rotary Club Luncheon, Kingston
December 8, 2016
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IMF clarity on Jamaica's forex policy
The Gleaner: Op-Ed by Constant Lonkeng Ngouana, IMF Resident Representative in Jamaica, and Uma Ramakrishnan, IMF Mission Chief for Jamaica.
November 22, 2016
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What does the new precautionary stand-by arrangement mean for the Jamaican people?
The Observer : Article by Constant Lonkeng Ngouana, IMF Resident Representative in Jamaica
November 13, 2016
IMF’s Work on Jamaica
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Transcript of April 2021 Western Hemisphere Press Briefing
April 15, 2021
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Interview: Jamaica’s former central bank governor Brian Wynter – IMF F&D
September 1, 2020
In this interview with F&D’s Olga Stankova, Jamaica’s former central bank governor Brian Wynter explains the challenges of modernizing monetary policy.
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Jamaica Ramps Up Social and Economic Support in COVID-19 Response
May 28, 2020
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May 18, 2020
Author/Editor:International Monetary Fund. Western Hemisphere Dept.
Series:Country Report No. 2020/167 -
May 15, 2020
Regional Economic Outlook
Western Hemisphere
Regional Economic Outlook: Pandemic Persistence Clouds the Recovery
October 2020The pandemic continues to spread in Latin America and the Caribbean (LAC), but economic activity is picking up. After a deep contraction in April, activity started recovering in May, as lockdowns were gradually eased, consumers and firms adapted to social distancing, some countries introduced sizable policy support, and global activity strengthened. Real GDP is projected to contract by 8.1 percent in 2020, followed by a mild recovery in 2021 reflecting persistent spread of the virus and associated social distancing and scarring. Risks to the outlook remain tilted to the downside, and uncertainty about the pandemic’s evolution is a key source of risk. Containing the spread of the virus and addressing the health crisis remain the key policy priorities. In countries where lockdowns still hamper activity, policies should focus on ensuring that firms have sufficient liquidity, and on protecting employment and income, while developing medium-term fiscal consolidation plans to safeguard debt sustainability. In countries that are easing lockdowns, efforts should focus on supporting the recovery, including through structural reforms. Once the pandemic is under control, and the recovery is on a strong footing, fiscal policy will need to focus on rebuilding buffers. Monetary policy should remain accommodative as long as inflation stays within the target range and inflation expectations are well anchored.