Jamaica: Fourth Review Under the Stand-By Arrangement, Request for Modification of Performance Criteria, and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director for Jamaica

November 7, 2018

Preview Citation

Format: Chicago

Jamaica: Fourth Review Under the Stand-By Arrangement, Request for Modification of Performance Criteria, and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director for Jamaica, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

Stable macroeconomy but growth continues to underperform. After nearly six years of economic reforms, unemployment is at an almost 11-year low, poverty is at a 9-year low, inflation is low, public debt is firmly on a downward trajectory, and international reserves are at historically high levels. Still, growth remains lackluster. Private investment has not fully taken advantage of the unprecedented opportunities presented by macroeconomic stability and strong fundamentals. Structural impediments need to be quickly addressed to foster capital formation. Sustained weak growth risks impeding reform momentum and could make achieving the government’s policy objectives more difficult.

Subject: Economic sectors, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Prices, Public debt, Public sector

Keywords: Bill, BOJ's balance sheet, CR, Debt definition, Global, GOJ, IMF's Executive Board, Inflation, Inflation targeting, ISCR, Public sector, Public-sector wage bill, Wage bill reduction, Wage outlay

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/304
Stock No:

1JAMEA2018002
ISBN:

9781484383117
ISSN:

1934-7685

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