World Bank Impressed with Jamaica’s Macroeconomic Achievements

• Newly appointed World Bank Vice President for Latin America and the Caribbean, Axel van Trostenburg, says Jamaica’s macroeconomic achievements, to date, have been “extremely impressive”.
• “I don’t know any country that has achieved, over a sustained period of time, the fiscal adjustments and reforms as Jamaica has done, and produced a most spectacular reduction of its debt level that reached almost 150%, to fall, this year, below 100%,” he said.
• He was speaking at a media briefing at the Office of the Prime Minister (OPM) on Tuesday April 30, to announce an additional US$140Mn World Bank loan provision for Jamaica.
• The funds will bolster the Government’s efforts to strengthen Jamaica’s resilience risks associated with natural disasters, as well as support human capital development and enhance the social safety net for the society’s most vulnerable citizens.

 (Source: JIS)