Jamaica: Third Review Under the Stand-By Arrangement-Staff Report; Informational Annex; Staff Supplement; and the Press Release on the Executive Board Discussion.

February 11, 2011

Preview Citation

Format: Chicago

Jamaica: Third Review Under the Stand-By Arrangement-Staff Report; Informational Annex; Staff Supplement; and the Press Release on the Executive Board Discussion., (USA: International Monetary Fund, 2011) accessed September 20, 2024

Summary

Economic developments and growth of Jamaica are discussed in this paper. Despite the good performance under the program through end-September, mounting spending pressures and delays in some fiscal reforms have required the adoption of corrective measures by the authorities. The authorities concurred with IMF staff that the potential spending overruns reflected weaknesses in expenditure management that needed to be urgently addressed. To offset the expenditure overruns, the government has adopted a number of compensatory measures.

Subject: Central banks, Economic sectors, Expenditure, External debt, International reserves, Public debt, Public sector

Keywords: Caribbean, Central America, CR, Foreign currency, IDB project, IMF's executive board, International reserves, ISCR, Jamaica's performance, Public sector, Recovery Project, Reform, Transformation development initiative

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/049
Stock No:

1JAMEA2011001
ISBN:

9781455217717
ISSN:

1934-7685

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