The International Monetary Fund (IMF) says the outlook for Jamaica's economy is positive, but subject to downside risks.
The IMF assessment comes after it completed its third review of Jamaica's Precautionary and Liquidity Line (PLL) and the Resilience and Sustainability Facility (RSF).
The reports says the local economy is expected to grow, and inflation set to return close to the mid-point of the Bank of Jamaica's 4 to 6 per cent target range.
This would be driven by moderating commodity prices.
The multilateral lender says however, global risks remain high and include tighter-than-expected global financial conditions, an intensification of geo-political conflicts that increase global commodity prices and Natural disasters.
Lower global growth and its impact on tourism and remittances are also accounted for.
The IMF team and the Jamaican authorities reached staff-level agreement on the reviews.
The agreement is subject to approval by the IMF Executive Board, which is expected to consider them in August.
Jamaica is to benefit from a combined US$1.7 billion under the Precautionary and Liquidity Line (PLL) and Resilience and Sustainability Facility (RSF).
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