Jamaica: Second Review Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion
December 9, 2010
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Economic activity is weak, but showing incipient signs of a recovery. Domestic financial markets remain stable and the growth outlook has improved. Better prospects for agriculture, mining and quarrying, and construction are expected to increase growth. Macroeconomic performance under the program continues to be positive. Jamaica has taken advantage of the favorable market conditions to ease monetary conditions and build international reserves, and continues to demonstrate a strong commitment to the program. The financial sector has weathered well the impact of the debt exchange.
Subject: Central banks, Economic sectors, Expenditure, External debt, International reserves, Public debt, Public sector
Keywords: BoJ special issue bond, Caribbean, CR, currency appreciation, debt load, expenditure restraint, GDP deflator, Global, IDB project, IMF's executive board, International reserves, ISCR, Public sector, recovery Project
Pages:
82
Volume:
2010
DOI:
Issue:
358
Series:
Country Report No. 2010/358
Stock No:
1JAMEA2010003
ISBN:
9781455212804
ISSN:
1934-7685
