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
Electronic Access:
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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.
Series:
Country Report No. 2018/304
Subject:
Economic sectors Foreign exchange Inflation Inflation targeting Monetary policy Prices Public debt Public sector
English
Publication Date:
November 7, 2018
ISBN/ISSN:
9781484383117/1934-7685
Stock No:
1JAMEA2018002
Pages:
81
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