Jamaica: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Jamaica

June 30, 2008

Preview Citation

Format: Chicago

Jamaica: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Jamaica, (USA: International Monetary Fund, 2008) accessed November 23, 2024

Summary

Economic growth variability is low in Jamaica, with deviations driven more by weather than by external conditions. External developments do, however, have large financial implications for Jamaica. Developments in Jamaica can, in turn, have a significant influence in the wider Caribbean. A recent political transition provides an opportunity to reinvigorate reforms but success will require consensus across the political divide. Economic growth has slowed to 1 percent in FY2007/08 (ending in March), although inflation has surged to 18 percent in recent months.

Subject: Exchange rates, Expenditure, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Public debt

Keywords: BoJ cash loss, BoJ special issue bond, Budget balance, Caribbean, CR, Draft budget, Exchange rates, Fiscal stance, Global, Government, IDB project, ISCR, Jamaica

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/199
Stock No:

1JAMEA2008002
ISBN:

9781451820225
ISSN:

1934-7685

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