Jamaica's strong track record of reforms under an IMF Extended Fund Facility and an improved external position owing to lower oil prices are key drivers for the country's brightening outlook. While the debt to GDP ratio is still elevated, debt is on downward trend and a Stand-By Arrangement (SBA) program with the IMF was recently concluded to support Jamaican reform efforts. However, Jamaica has announced it will treat the SBA as precaution to be used in the event of an external shock - a huge vote of confidence for the market. Real GDP growth for 2017 is forecast at 1.7 per cent.
- Construction & Infrastructure