Jamaica's Strategies in Halving Its Debt: A Success Story

Jamaica's Debt Reduction Strategy

Jamaica has successfully halved its public debt over the past 10 years through a two-pronged approach.

The Key Pillars:

• Introduction of Tax Law: Implemented a tax law to boost government revenue.
• Increased Budget Revenues: Strengthened efforts to increase budget revenues through various initiatives.

The combination of these strategies has significantly improved Jamaica's financial stability and reputation on the global stage.