Jamaica: Staff Report for the 2001 Article IV Consultation and Review of Staff Monitored Program
June 14, 2001
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The principal problems facing the Jamaican economy are the extremely heavy burden of public sector debt, low growth, and the legacy of earlier periods of high inflation. The government has implemented several improvements in its debt management strategy. Fiscal restraint has been reinforced by tight monetary policy. Exchange rate stability has succeeded in lowering domestic inflation. The legislative framework strengthens prudential supervision of both banks and other financial institutions to limit the risks of any further financial crisis. Measures to strengthen the regulatory framework are required.
Subject: Banking, Economic sectors, External debt, Financial sector, Inflation, Prices, Public debt, Public sector
Keywords: Caribbean, CR, Financial sector, Inflation, invoice price, ISCR, Jamaican authority, market condition, mid-May auction result, Public sector, rate, U.S. dollar bond, yield
Pages:
65
Volume:
2001
DOI:
Issue:
083
Series:
Country Report No. 2001/083
Stock No:
1JAMEA0012001
ISBN:
9781451820089
ISSN:
1934-7685
