Jamaica: Staff Report for the 2004 Article IV Consultation

August 16, 2004

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Jamaica: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed December 24, 2024

Summary

This 2004 Article IV Consultation highlights that following the near crisis in the first half of 2003, the authorities in Jamaica have 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, and growth improved, while Jamaica has returned to the international capital market. Real GDP growth reached 2 percent in FY 2003/04. The improvement was led by strong performance in the key tourism and mining sectors.

Subject: Exchange rates, Expenditure, External debt, Foreign exchange, Government debt management, Public debt, Public financial management (PFM)

Keywords: 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

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/263
Stock No:

1JAMEA0022004
ISBN:

9781451820133
ISSN:

1934-7685

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