Jamaican stock exchange rallies to become world’s best-performing

By: Robin Wigglesworth

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.

Jamaica’s stock market ranks as the world’s best-performing over the past year, thanks to a dramatic economic turnround that culminated in the country exiting its IMF programme with flying colours last month. The Caribbean nation has struggled economically for large parts of its post-independence history, and after the financial crisis became mired in debt. Government debt peaked at 147 per cent of gross domestic product in 2013, and the cost of servicing it consumed a third of the country’s fiscal budget. In May that year the country entered into a $2bn IMF financing agreement.

To read more:

Leave a Reply

Your email address will not be published. Required fields are marked *