Jamaica: Staff Report for the 2003 Article IV Consultation

March 23, 2004

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Jamaica: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 8, 2024

Summary

Jamaica faced intense macroeconomic imbalances that threatened its macroeconomic stability. Executive Directors emphasized the need for credible policy actions and strong fiscal adjustment to reduce imbalances and lower vulnerability. They welcomed the strong fiscal adjustment in the budget and encouraged the Bank of Jamaica to reorient monetary policy. They stressed the need for a policy mix that would restore macroeconomic stability, achieve higher growth, lower external imbalances, and emphasized for anti-crime measures, infrastructure building, and sector-specific policies to promote growth.

Subject: Domestic debt, Economic sectors, Expenditure, External debt, Public debt, Public sector

Keywords: Bond issue, Bond issuer rating, Caribbean, CR, Deficit, Disinflation strategy, Domestic debt, Exchange rate, Finance minister, Global, ISCR, Issuer rating, Net yield, Public sector, Tax package

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/076
Stock No:

1JAMEA0012004
ISBN:

9781451820102
ISSN:

1934-7685

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