Jamaica is being cited as a model for other countries to emulate in their bid to break out of the low to middle-income trap.

The International Monetary Fund (IMF) has taken note of Jamaica’s successful implementation of growth-enhancing reforms.

IMF Managing Director Kristalina Georgieva made the reference to Jamaica while responding to questions from reporters during a press briefing on the global policy agenda on Thursday.

When asked about addressing the issue of low to medium-term growth in Latin America, Georgieva pointed out that, unlike some countries in the region, Jamaica is doing better because Jamaica’s reforms are bringing results.

When asked about the IMF supporting such countries, and lifting them from low to upper middle-income levels, Georgieva pointed to Jamaica’s ability to move onto a positive growth trajectory by using a holistic approach to development.