Jamaica: Staff Report for the 1999 Article IV Consultation
January 25, 2000
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Jamaica has achieved considerable success in reducing inflation, restructuring the financial system after the crisis in 1995–96, and further liberalizing the economy through tariff reduction and privatization. The government is urged to strengthen its efforts to put the economy on a less vulnerable path by a stronger fiscal adjustment supported by wage restraint, a more market-determined exchange rate, and an acceleration of structural reforms. The significant progress in structural reform made over recent years as well as the government’s determination to continue is commendable.
Subject: Banking, Economic sectors, Exchange rates, External debt, Financial services, Foreign exchange, Public debt, Public sector, Real interest rates
Keywords: authorities' policy stance, authority, Caribbean, CR, deficit, economic statistics, exchange rate, Exchange rates, exchange regime, fund staff, Global, inflation, ISCR, Jamaica, Jamaica dollar, Jamaica's vulnerability, Policy issue, Public sector, Real interest rates, sizeable informal economy, U.S. dollar
Pages:
61
Volume:
2000
DOI:
Issue:
008
Series:
Country Report No. 2000/008
Stock No:
1JAMEA0012000
ISBN:
9781451820072
ISSN:
1934-7685
Notes
Included with the Staff Report are the text of Public Information Notice No. 00/03--IMF Concludes Article IV Consultation with Jamaica and a Statement by Mr. Thomas A. Bernes, Executive Director, on January 10, 2000.
