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Jamaica's Record Reserves and Positive Outlook Under Holness

2/24/2025

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Summary

Story summary

Prime Minister Andrew Holness highlighted Jamaica's commitment to fiscal discipline during a Diaspora Townhall in Barbados.
Jamaica's foreign exchange reserves have reached a record high of over $5 billion, with inflation maintained at 4-6%.
Fitch Ratings reaffirmed Jamaica's long-term rating at BB- with a positive outlook, noting enhanced governance and reduced debt.
Holness aims to sustain fiscal discipline while fostering growth through targeted investments.

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Story summary

Prime Minister Andrew Holness highlighted Jamaica's commitment to fiscal discipline during a Diaspora Townhall in Barbados.
Jamaica's foreign exchange reserves have reached a record high of over $5 billion, with inflation maintained at 4-6%.
Fitch Ratings reaffirmed Jamaica's long-term rating at BB- with a positive outlook, noting enhanced governance and reduced debt.
Holness aims to sustain fiscal discipline while fostering growth through targeted investments.