IMF Staff Country Reports

Jamaica: 2010 First Review of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion

Publication Date:

August 18, 2010

Electronic Access:

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Summary:

Jamaica has performed well under the Stand-By Arrangement program. Executive Directors commended that overall macroeconomic performance under the program has been encouraging. Directors welcomed the program aimed at fiscal responsibility legislation and central treasury management, public debt restructuring, financial sector reforms, including the improvement of consolidated supervision and the regulation of nonbanks. They agreed that the sale of Air Jamaica represents an important milestone. Based on overall satisfactory performance of Jamaica on completion of the First Review of the SBA, the IMF approved immediate fund disbursement.

Series:

Country Report No. 2010/268

Subject:

Bonds Central banks Expenditure External debt Financial institutions International reserves Public debt Public sector