Jamaica: Seventh Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Jamaica
IMF Staff Country Reports, April 3, 2015
Source details
- Canonical URL
- Jamaica: Seventh Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Jamaica
Other formats
Bibliographic details
- Published: April 3, 2015
- Series: IMF Staff Country Reports
Program status and staff assessment
- The paper discusses Jamaica’s Seventh Review Under the Extended Fund Facility and Request for Modification of Performance Criteria.
- The program is on track.
- Based on the continued strong performance and the authorities’ policy commitments, the IMF staff recommends completion of the seventh review.
Risks, growth, and social consensus
- Risks to the program are slowly waning but remain high.
- Notwithstanding the authorities’ demonstrated resolve in implementing the program, more tangible signs of improvements in growth will be important to sustain the social consensus needed to continue on the reform trajectory.
Performance criteria and structural reforms
- All December 2014 quantitative performance criteria were met.
- Structural reforms have progressed broadly on schedule.
Subject areas and keywords
- Subject: Economic sectors, Expenditure, Oil prices, Prices, Public debt, Public sector, Revenue administration
- Keywords: CR, EFF arrangement, expectation, GDP target, Global, IMF's Extended Fund, ISCR, oil price, Oil prices, program expectation, Public sector, reform agenda, repo sector, SDR