Jamaica: Interim Staff Report Under Intensified Surveillance

June 28, 2005

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Format: Chicago

Jamaica: Interim Staff Report Under Intensified Surveillance, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

This paper reviews the Interim Staff Report Under Intensified Surveillance for Jamaica. Following the adverse economic impact of Hurricane Ivan, the outlook for FY 2005/06 is for a rebound in growth in the context of broad macroeconomic stability. Real GDP growth slowed, and damage to agriculture contributed to double-digit inflation in FY 2004/05. Achieving the envisaged further reduction in the public debt-to-GDP ratio to 100 percent over the next four years will be challenging and demand high fiscal discipline. The IMF staff welcomes the continuing progress toward strengthening the regulatory and supervisory framework of the financial system.

Subject: Exchange rates, Expenditure, Fiscal policy, Fiscal stance, Foreign exchange, Monetary base, Money, Public debt

Keywords: Broad money, Central bank, CR, Debt burden, Debt dynamics, Dollar, Exchange rate, Exchange rates, Fiscal stance, Fiscal year, GDP, GDP deflator, Global, Government debt, Interest rate, ISCR, Monetary base, Payment profile, Percent of GDP, Real GDP, Real GDP growth, Securities industry

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/219
Stock No:

1JAMEA2005002
ISBN:

9781451820157
ISSN:

1934-7685

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