Jamaica: Recent Economic Developments

September 18, 1996

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Jamaica: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 21, 2024

Summary

This paper reviews economic developments in Jamaica since 1985. In the early 1990s, Jamaica carried out a number of important structural reforms that had a favorable effect on the public finances, resulting in overall public sector surpluses averaging 3 percent of GDP in FY1993–95. These steps included the elimination of general price subsidies and the decontrol of prices, the elimination of the import monopoly of the Jamaica Commodity Trading Corporation, and the institution of cost pass-through mechanisms for public enterprises.

Subject: Banking, Commercial banks, Demand for money, Economic sectors, External debt, Financial institutions, Money, Public debt, Public sector

Keywords: Anti-inflation effort, Commercial banks, CR, Debt, Demand for money, FY 1997, Inflation hedge, ISCR, Payment, Public sector, Union, Union membership, Unions in Jamaica

Publication Details

Pages:

119
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/097
Stock No:

1JAMEA0011996
ISBN:

9781451820041
ISSN:

1934-7685

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