Prime Minister Andrew Holness is projecting that by the end of the 2024/2025 fiscal year in March, Jamaica’s Debt to GDP ratio will be 68.8 percent.

According to Mr. Holness, this would be the lowest in the country’s history.

Delivering the keynote address at the Jamaica Stock Exchange’s 20th Regional Investments & Capital Markets Conference in Kingston on Tuesday, Mr. Holness said in 2016, the Debt to GDP ratio was 120 percent.

He said significant improvement has been made in lowering the ratio.

Pointing to other economic gains, the Prime Minister added that the country’s Net International Reserve is the highest it has ever been, at over 5 billion U.S. dollars.

He noted that Jamaica has achieved exchange rate stability.

Mr. Holness added that Jamaica’s credit rating has improved and is near investment grade status.