Jamaica has made remarkable economic progress, transitioning from an emerging market outlier to a leader. The country recorded historically low unemployment rates, slashed its debt by nearly half, and achieved 2.9% economic growth in the first half. S&P upgraded Jamaica’s sovereign credit. A decade after defaulting on local debt and implementing an International Monetary Fund program, Jamaica’s debt-to-GDP ratio has dropped from almost 150% to about 77%. The government aims to further decrease it to 60%.