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
Jamaica: Seventh 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
April 3, 2015
Series: Country Report No. 15/95
Press Release: IMF Executive Board Completes Seventh Review Under the IMF's Extended Fund Facility for Jamaica and Approves US$39 Million Disbursement
Jamaica -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 12, 2015
March 12, 2015
PDF File Size: 1283Kb
Regional Economic Outlook: Western Hemisphere
The economic outlook for Latin America and the Caribbean remains very challenging. Regional growth is projected to decline for a fifth consecutive year in 2015, dipping below 1 percent. Weakness is concentrated among South America's commodity exporters, where falling global commodity prices have compounded country-specific challenges. Meanwhile, growth is projected to be steady or stronger for most of the Caribbean, Central America, and Mexico, supported by lower oil bills for importers and robust economic recovery in the United States. The analysis in this report examines core challenges facing the region: the impact of lower commodity prices on fiscal and external positions, the drivers of the slowdown in investment, and the role of economic diversification for longer-term growth prospects.