Jamaica: 2009 Article IV Consultation and Request for a Stand: By Arrangement: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion

July 30, 2010

Preview Citation

Format: Chicago

Jamaica: 2009 Article IV Consultation and Request for a Stand: By Arrangement: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed November 23, 2024

Summary

Jamaica has been stuck in a cycle of low growth and high debt dynamics. It has been severely impacted by the global economic slowdown, and finances have deteriorated. Jamaica’s objective of virtually eliminating the overall public sector deficit is appropriate. Embedding the medium-term fiscal consolidation effort in a comprehensive set of fiscal structural reforms is the key. Strengthening regulatory and supervisory frameworks along with legislative and structural reforms will reduce systemic risks to the financial system. The proposed program carries risks but these risks are manageable.

Subject: Bonds, Economic sectors, Expenditure, Financial institutions, Fiscal consolidation, Fiscal policy, Public debt, Public sector

Keywords: Bonds, Caribbean, CR, Debt, Debt exchange, Debt exchange operation, Exchange operation, Fiscal consolidation, Fund staff calculation, Global, ISCR, Market, Market condition, Public sector

Publication Details

Pages:

105
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/267
Stock No:

1JAMEA2010001
ISBN:

9781455203475
ISSN:

1934-7685

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