Economy & Business - May 2024

JAMAICA: Fiscal success creates new opportunities

Over the last decade Jamaica has notched up a highly unusual victory in a long running regional saga. It has cut its debt-to-GDP ratio from a crippling 144% at the end of 2012, down to a more manageable 72% by the end of 2023. The government wants to go further, reducing it to 60% over the next four years. This exceptional achievement has triggered a wide-ranging discussion about the lessons to be learned and whether the country is in a better position to protect itself against looming climate change threats.

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