Jamaica: Staff Report for the 2001 Article IV Consultation and Review of Staff Monitored Program

June 14, 2001

Preview Citation

Format: Chicago

Jamaica: Staff Report for the 2001 Article IV Consultation and Review of Staff Monitored Program, (USA: International Monetary Fund, 2001) accessed December 21, 2024

Summary

The principal problems facing the Jamaican economy are the extremely heavy burden of public sector debt, low growth, and the legacy of earlier periods of high inflation. The government has implemented several improvements in its debt management strategy. Fiscal restraint has been reinforced by tight monetary policy. Exchange rate stability has succeeded in lowering domestic inflation. The legislative framework strengthens prudential supervision of both banks and other financial institutions to limit the risks of any further financial crisis. Measures to strengthen the regulatory framework are required.

Subject: Banking, Economic sectors, External debt, Financial sector, Inflation, Prices, Public debt, Public sector

Keywords: Caribbean, CR, Financial sector, Inflation, Invoice price, ISCR, Jamaican authority, Market condition, Mid-May auction result, Public sector, Rate, U.S. dollar bond, Yield

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/083
Stock No:

1JAMEA0012001
ISBN:

9781451820089
ISSN:

1934-7685

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