Category: news

Jamaica : Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jamaica

Sustained signs of activity but growth remains vulnerable to weather. Unemployment is falling, new jobs are being created, and there is robust activity in construction, manufacturing, and hotels and restaurants. Inflation and the current account deficit are low, helped by relatively stable oil prices and the government’s policy efforts.

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World Bank urges Jamaica to diversify

Jamaica’s tourism industry may find itself in need of a drastic overhaul as data from the World Bank points out that the island, among other Caribbean countries, is now lagging in competitiveness behind other regions in...

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