Jamaican Economy Panel Discussion Two | May 2021

The second round of the Jamaican Economy Panel (JEP) asks panelists about their perceptions of Jamaican fiscal policy. Jamaica has had a high level of debt for some time, but in cooperation with the International Monetary Fund and with the support of both political parties, the debt was reduced from 144% of GDP in 2012 to 94% of GDP in 20191. However, largely due to the large decreases of GDP that occurred in 2020, debt has increased once more to reach 106% of GDP.