Jamaica: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, August 16, 2004
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- Jamaica: Staff Report for the 2004 Article IV Consultation
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Bibliographic details
- Published: August 16, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820133.002
Summary of recent developments and stabilization
- Following a near crisis in the first half of 2003, the authorities in Jamaica succeeded over the past year in stabilizing the economy and restoring market confidence.
- The foreign exchange market stabilized in mid-2003.
- Inflation has decelerated.
- Domestic interest rates have declined.
- Jamaica has returned to the international capital market.
Growth and sectoral performance
- Real GDP growth reached 2 percent in FY 2003/04.
- The improvement was led by strong performance in the key tourism and mining sectors.
Thematic subjects covered
- Exchange rates
- Expenditure
- External debt
- Foreign exchange
- Government debt management
- Public debt
- Public financial management (PFM)
Keywords and focal issues
- authority
- Caribbean
- CR
- debt ratio
- education sector
- Exchange rates
- fiscal year
- foreign currency
- GDP
- Global
- Government debt management
- ISCR
- Jamaica case
- maturing debt
- monetary policy
- public debt debt ratio
- U.S. dollar
Jamaica: Staff Report for the 2004 Article IV Consultation