Jamaica reached a significant milestone in its economic journey with its highest credit rating from Fitch Ratings, signalling remarkable progress in debt reduction efforts. After covering the nation for 18 years, Fitch upgraded Jamaica by one notch to BB-, positioning it just three notches below investment grade, with a positive outlook. This upgrade underscores the government’s commitment to fiscal responsibility and debt reduction, supported by a robust economic framework. Finance Minister Nigel Clarke hailed the achievement as a testament to effective economic policymaking, stressing the importance of leveraging these improvements for the benefit of all Jamaicans.
Source: Caribbean Insight – March 2024