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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Jennifer Lester to Retire as IMF Director of Corporate Services and Facilities
July 22, 2022
Jennifer Lester to Retire as IMF Director of Corporate Services and Facilities
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Joint Press Conference at the End of the IMF Managing Director's Trip to Barbados
July 17, 2022
Joint Press Conference at the End of the IMF Managing Director's Trip to Barbados
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The Caribbean and the IMF: Building on a Strong Partnership
June 14, 2022
Together we can define the right economic policies that can tame inflation, protect the most vulnerable, address debt, and fight climate change—so as to reinforce the economic recovery, and build resilience to future shocks.
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Building Resilience and Sustainability in the Caribbean
June 13, 2022
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Jamaica Works to Maintain its Hard-Won Economic Stability
February 22, 2022
Prior to the pandemic, Jamaica had successfully stabilized the economy, turning a fiscal deficit of 11 percent of GDP in 2009 into a 1 percent surplus in 2019, and reducing public debt from 142 percent of GDP in 2009 to 94 percent by 2019.
Regional Economic Outlook
Western Hemisphere
Regional Economic Outlook
April 2022The war in Ukraine is shaking the world economy and raising uncertainty about the outlook for Latin America and the Caribbean. Even before the war, the region’s recovery from the pandemic was losing momentum and growth is returning to its pre-pandemic trend rate of around 2.5 percent for 2022. The war brings a further shock to inflation, and policymakers across the region have reacted decisively by tightening monetary policy and implementing measures to soften the blow of higher food and energy prices on the most vulnerable—thus mitigating the risks of social unrest. Rising interest rates complicate the management of already high debt levels, and an escalation of the war could further tighten financial conditions in the region. In this context, an inclusive fiscal consolidation strategy would maintain support for the vulnerable while helping rebuild buffers.
Read more: Regional Economic Outlook for the Western Hemisphere, April 2022