Jamaica: Interim Staff Report Under Intensified Surveillance
IMF Staff Country Reports, February 18, 2005
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- Jamaica: Interim Staff Report Under Intensified Surveillance
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Bibliographic details
- Published: February 18, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820140.002
Fiscal objectives and assessment
- The authorities have reaffirmed their objective of balancing the budget in FY 2005/06, while recognizing that this now poses a greater challenge.
- The IMF staff now estimates that measures in the range of 2.5–3.0 percent of GDP would be required to meet this goal, compared with the IMF staff’s estimate of 1.7 percent of GDP at the time of the 2004 Article IV consultation.
Monetary and exchange rate policy constraints
- The room to maneuver in monetary and exchange rate policy remains constrained by the debt overhang.
Key themes and policy areas covered
- Budget planning and preparation
- Central banks
- Expenditure
- International reserves
- Open market operations
- Public debt
- Public financial management (PFM)
Keywords and indicators emphasized
- Budget planning and preparation, Caribbean, CR
- current account, debt stock, exchange rate, FDI inflow
- financing of the budget, fiscal year, foreign currency financing, forex position
- GDP, International reserves, ISCR, Open market operations
- policy area, public debt debt ratio, public debt-GDP ratio
Source: "Jamaica: Interim Staff Report Under Intensified Surveillance", IMF Staff Country Reports 2005, 061 (2005).
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- Jamaica: Interim Staff Report Under Intensified Surveillance