The International Monetary Fund has approved a roughly $40 million disbursement to Jamaica after concluding its eighth review of a loan program propping up the island.
Jamaica is in the third year of a four-year $930 million loan package with the IMF.
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On Tuesday, the IMF said Jamaica's performance "is on track and has remained strong" as structural reforms have advanced.
It says lower oil prices have improved the import-dependent country's finances and growth is projected to approach 2 percent.
In recent decades, Jamaica has had one of the world's slowest growing economies so even small gains are seen as major improvements.
Earlier this year, the Washington-based Center for Economic and Policy Research said Jamaica was running "the most austere budget in the world."