Jamaica Economy 2013

The IMF EFF is signed May 9, 2013. Jamaica’s housing market enters a new phase as US$932 million facility anchors fiscal adjustment and commercial mortgage rates begin a long-awaited decline.

With IMF EFF negotiations in final stages and budget 2013/14 enacted, Jamaica’s housing market enters a tentative recovery as BOJ easing gathers pace.

One month after the NDX, Jamaica’s budget debate sets housing targets for 2013/14 as IMF pre-programme conditions advance and construction activity begins to stir.

The NDX closes February 14 with near-universal participation, restructuring J$860 billion of domestic debt and opening a new chapter for Jamaica’s interest rate environment.

The NDX closes February 14 with near-universal participation, restructuring J$860 billion of domestic debt and opening a new chapter for Jamaica’s interest rate environment.

With a domestic debt exchange imminent and IMF negotiations advancing, Jamaica’s housing market waits as the NHT transfer debate intensifies in Parliament.

As 2013 opens, Jamaica’s housing market confronts unchanged affordability barriers, an anxious bond market, and the looming prospect of a debt management exercise.