May 1, 2001
There is an air of renewal in downtown Kingston these days. Colorfully painted frontages house businesses lured back to the capital by generous tax incentives, improved policing, litter-free streets and a new transportation system. "Jamaica is in a state of transformation," says Patricia Francis, president of Jamaica Promotions Corporation, Jamaica's export and investment promotion agency.
The economy grew last year for the first time in five years. Jamaica is pressing ahead with economic liberalization and structural reforms to prepare for deepening regional integrat
Jamaica is shaking off years of recession and the effects of a severe banking crisis. But the country still must deal with a debt mountain and a difficult business climate.