Reform-Minded Policy to Continue In Jamaica

  • Broad political consensus on IMF-backed reforms and a congressional majority will support policy continuity under Jamaican Prime Minister Andrew Holness.
  • Reforms to the Bank of Jamaica (BOJ) will likely be enacted in the coming weeks, increasing the independence of the central bank. 
  • Fiscal consolidation will remain a government priority, but Fitch notes that policy fatigue will likely limit the scope for future cuts. 

Source: Fitch