Abstract Jamaica ivan felipe hermida v.

In the report on the performance of the Jamaican economy, published in the document of
the Economic Commission for Latin America and the Caribbean (ECLAC) entitled
"Preliminary Overview of the Economies of Latin America and the Caribbean, 2017", an
evaluation is made of the main variables of the performance of the economy of this
Caribbean country during the years 2016 and 2017, based on the measures agreed upon
through a stand-by agreement with the IMF, signed in November 2016, with the aim of
following up on the policy aimed at overcoming difficulties in terms of growth, external
debt, inflation, fiscal performance, exchange rate and unemployment, among other
indicators reviewed.

Jamaica's main concern is to overcome the stagnation of the economy, which shows annual
growth of less than 2%; keep inflation below 1.7% presented in 2016; and reversing in
2018 the over-indebtedness, which stood at 124% of GDP in fiscal year 2016/17. On the
other hand, Jamaica should review the reduction in net reserves, which fell to 2.6 million
US dollars in 2017, and the unemployment rate, which decreased to 11.3% in July 2017,
but continues to worry about social segments such as the female and youth population,
whose indicators were above 18%.