After years of disciplined reform and painful sacrifice, Jamaica had done what few global debt specialists thought possible. Through tough and sometimes controversial spending cuts and fiscal discipline, it slashed its debt from a staggering 150% of GDP in 2013 to just 62% by 2024.
By 2025, Jamaica was hitting its stride. One internationally recognised credit rating agency upgraded the country’s credit ratings from category BB- to BB (slightly less vulnerable in the near term to adverse economic conditions).
