Headquarters of the International Monetary Fund - file photo
In a media release yesterday, the International Monetary Fund said Jamaica has made important achievements under the economic programme, with inflation and the current account deficit falling significantly, supported by low oil prices.
It also cited business confidence continuing to be strong and private credit growth showing signs of recovery, while public debt is falling.
On the other hand, the IMF said overall growth remains weak, and unemployment, though declining, remains high.
The Fund believes continued structural reforms should help boost investment and growth by sustainably reducing energy costs, improving financial access, and upgrading public infrastructure.
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