- Jamaica has made good progress under previous IMF-supported program
- More growth, jobs still needed
- New IMF loan to also provide insurance against unexpected shocks
- Jamaica’s reforms beginning to bear fruit but growth still too low
- Fiscal discipline crucial to restore economic stability
- Focus on growth-enhancing structural reforms
JAMAICA’S economy just edged into positive territory with a weak growth rate of 0.3 per cent in the 2015 first quarter — following consecutive quarter declines last year, but the country could see another contraction over the April to June period, according to the Planning Institute of Jamaica (PIOJ).
IN his Wednesday afternoon quarterly press briefing on monetary policy, Bank of Jamaica (BOJ) Governor Brian Wynter argued the Jamaica dollar exchange rate was at or close to equilibrium.