The IMF concluded its Article IV consultation with Jamaica, noting that the country’s economy is strongly recovering, supported by sound policy frameworks and policies prioritizing macroeconomic stability. It also noted that Jamaica’s financial system is well-capitalized and liquid and expects a continued recovery in activity and inflation falling back within the bank’s target range by end-2023. Notably, the fund forecast external debt to decline to 82.7% of GDP this year and 77.6% in 2024, down from an estimated 103.9% in 2021. Nonetheless, global risks remain high, as the war in Ukraine may push commodity prices higher, and a greater tightening of financial conditions might curb capital inflows and reduce remittances.