Jamaica: 2010 First Review of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion

August 18, 2010

Preview Citation

Format: Chicago

Jamaica: 2010 First Review of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed November 23, 2024

Summary

Jamaica has performed well under the Stand-By Arrangement program. Executive Directors commended that overall macroeconomic performance under the program has been encouraging. Directors welcomed the program aimed at fiscal responsibility legislation and central treasury management, public debt restructuring, financial sector reforms, including the improvement of consolidated supervision and the regulation of nonbanks. They agreed that the sale of Air Jamaica represents an important milestone. Based on overall satisfactory performance of Jamaica on completion of the First Review of the SBA, the IMF approved immediate fund disbursement.

Subject: Bonds, Central banks, Expenditure, External debt, Financial institutions, International reserves, Public debt, Public sector

Keywords: Bonds, Caribbean, CR, Europe, Financial market condition, Fiscal year, GDP deflator, Global, IDB project, IMF's executive board, International reserves, ISCR, Participation rate, Recovery Project

Publication Details

Pages:

101
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/268
Stock No:

1JAMEA2010002
ISBN:

9781455203482
ISSN:

1934-7685

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