A Blip in Jamaican Stability

A Blip in Jamaican Stability

Downtown Kingston: stability ahead? Jamaica was enjoying the most stable period in its turbulent political history when a 24- hour gun battle in early July between police and residents of Tivoli Gardens, an inner-city neighborhood of Kingston, left 25 people dead. Omar Davies, Minister of Finance says, "We are working very hard to reassure [investors] that this violence was out of the ordinary." Jamaica's economy pulled out of a five-year recession last year to grow 0.8%. Inflation dropped to 6.1% from 9.2% in 1997 and net international reserves grew by $519 million to $969.5 million at the end of 2000.

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