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Tackling this issue is therefore a crucial component of the country’s ongoing socioeconomic transformation.

“Improving citizen security is the single most important growth-inducing reform that Jamaica can undertake,” the report says, recommending a restructuring of law enforcement agencies, a criminal justice reform, as well as addressing the social causes of crime and violence.“Our request to move to a precautionary arrangement is a sign of strength and reflects the policy credibility and strong macroeconomic management of the Jamaican government,” Mr. Since 2009, Jamaica’s credit rating has improved from CCC to B (S&P and Fitch), and from Caa1 to B3 (Moody’s), while Bloomberg ranked Jamaica’s stock exchange as the best performing in the world.“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.Jamaica’s diaspora, estimated to be equivalent to the country’s entire population, is the second largest of any Caribbean nation, after the Dominican Republic.Already the largest source of foreign exchange, they could play a greater role in investment, knowledge transfer and mentorship, through engagement policies using the Jamaica Diaspora Foundation.