Jamaica
Economy
The International Monetary Fund has approved a four-year Extended Fund Facility agreement of US$932mn for Jamaica, which we see as key in stabilising the Caribbean economy. Indeed,...
2013-05-06Economy
Prime Minister Portia Simpson-Miller is reportedly confident that her administration will be able to gain the support of opposition legislators and push through a bill to make the Caribbean...
2013-05-06Economy
Member of Parliament Daryl Vaz has offered to take a 5% pay cut, urging fellow legislators to follow suit in an attempt to rein in spending. While we believe this is a largely symbolic...
2013-04-08Economy
The Jamaican government has presented a budget for FY2013-14 which proposes substantial fiscal austerity and includes measures to increase revenue collections, with a goal of running...
2013-04-08Economy
After plunging from US$1.8bn to US$940mn between February 2012 and February 2013, we expect the decline in Jamaica's foreign reserves position to improve modestly over the coming year....
2013-03-25Economy
According to local news sources, the Jamaican economy contracted by 0.6% year-on-year in Q412, bringing full-year growth to -0.3%. This was due both to sluggish demand for the country's...
2013-03-05Economy
Jamaican Prime Minister Portia Simpson-Miller is facing rising criticism for her government's plan to draw JMD44bn from the National Housing Trust (NHT). Simpson-Miller insisters that...
2013-03-04Economy
A recently announced debt restructuring plan will allow the Jamaican government to secure critical support from the IMF as well as ease its substantial interest burden in the short...
2013-02-14
