Jamaica: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Jamaica
June 30, 2008
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Economic growth variability is low in Jamaica, with deviations driven more by weather than by external conditions. External developments do, however, have large financial implications for Jamaica. Developments in Jamaica can, in turn, have a significant influence in the wider Caribbean. A recent political transition provides an opportunity to reinvigorate reforms but success will require consensus across the political divide. Economic growth has slowed to 1 percent in FY2007/08 (ending in March), although inflation has surged to 18 percent in recent months.
Subject: Exchange rates, Expenditure, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Public debt
Keywords: BoJ cash loss, BoJ special issue bond, budget balance, Caribbean, CR, draft budget, Exchange rates, Fiscal stance, Global, government, IDB project, ISCR, Jamaica
Pages:
60
Volume:
2008
DOI:
Issue:
199
Series:
Country Report No. 2008/199
Stock No:
1JAMEA2008002
ISBN:
9781451820225
ISSN:
1934-7685
