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The EGC recognizes insecurity in Jamaica as having deterred investment, destroyed capital formation, and discouraged business development.

“I’m really impressed with what they’ve done to attract capital to the market,” Carl Bennett, a vice president of investor relations at Bank of New York Mellon, told Bloomberg.With many areas of rich, untapped potential, Jamaica does not come without its challenges.The most prominent is its high crime rate and insecurity — Kingston is said to be among the most dangerous capitals in the world.With the compounded impacts of the crisis and the passage of Hurricane Sandy which hit the country in 2012, the currency has continued to depreciate, while Jamaica’s public debt rose from 110.9% of GDP in 2007 to 136.6% in 2015, through lending by the World Bank, the Inter-American Development Bank (IDB) and the IMF for a total of nearly US billion.By March of 2016, when the new Jamaica Labour Party (JLP) administration took office, however, it had dropped to 120.2%, better than the projected 125.1%, according to data from the Ministry of Finance.

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