{
  "title": "Jamaica: Interim Staff Report Under Intensified Surveillance",
  "publication": "IMF Staff Country Reports, June 28, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/jamaica-interim-staff-report-under-intensified-surveillance-18372",
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  "summary": "This paper reviews the Interim Staff Report Under Intensified Surveillance for Jamaica. Following the adverse economic impact of Hurricane Ivan, the outlook for FY 2005/06 is for a rebound in growth in the context of broad macroeconomic stability.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- The paper reviews the Interim Staff Report Under Intensified Surveillance for Jamaica.\n- Following the adverse economic impact of Hurricane Ivan, the outlook for FY 2005/06 is for a rebound in growth in the context of broad macroeconomic stability.\n- Real GDP growth slowed, and damage to agriculture contributed to double-digit inflation in FY 2004/05.\n- Achieving the envisaged further reduction in the public debt-to-GDP ratio to 100 percent over the next four years will be challenging and demand high fiscal discipline.\n- The IMF staff welcomes the continuing progress toward strengthening the regulatory and supervisory framework of the financial system."
    },
    {
      "heading": "Macroeconomic outlook",
      "content": "- Projection: rebound in growth in FY 2005/06.\n- Recent performance: Real GDP growth slowed in FY 2004/05.\n- Inflation: damage to agriculture contributed to double-digit inflation in FY 2004/05.\n- Policy context: outlook described as occurring within \"broad macroeconomic stability.\""
    },
    {
      "heading": "Public debt and fiscal policy",
      "content": "- Target: reduction in the public debt-to-GDP ratio to 100 percent.\n- Time horizon: target to be achieved \"over the next four years.\"\n- Assessment: achieving the envisaged reduction \"will be challenging and demand high fiscal discipline.\""
    },
    {
      "heading": "Financial sector regulation and supervision",
      "content": "- IMF staff assessment: welcomes continuing progress toward strengthening the regulatory and supervisory framework of the financial system."
    },
    {
      "heading": "Key statistics and identifiers (as presented)",
      "content": "- Fiscal years referenced: FY 2004/05, FY 2005/06.\n- Public debt target: 100 percent.\n- Time horizon for debt reduction: next four years.\n- Pages: 27\n- Volume: 2005\n- Issue: 219\n- Series: Country Report No. 2005/219\n- DOI: https://doi.org/10.5089/9781451820157.002\n- Stock No: 1JAMEA2005002\n- ISBN: 9781451820157\n- ISSN: 1934-7685\n\nJamaica: Interim Staff Report Under Intensified Surveillance, June 28, 2005\n\n---\n\n Content in this bundle\n\n- Jamaica: Interim Staff Report Under Intensified Surveillance\n  - Jamaica: Interim Staff Report Under Intensified Surveillance (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Jamaica: Interim Staff Report Under Intensified Surveillance (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 28, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451820157.002",
    "The paper reviews the Interim Staff Report Under Intensified Surveillance for Jamaica.",
    "Following the adverse economic impact of Hurricane Ivan, the outlook for FY 2005/06 is for a rebound in growth in the context of broad macroeconomic stability.",
    "Real GDP growth slowed, and damage to agriculture contributed to double-digit inflation in FY 2004/05.",
    "Achieving the envisaged further reduction in the public debt-to-GDP ratio to 100 percent over the next four years will be challenging and demand high fiscal discipline.",
    "The IMF staff welcomes the continuing progress toward strengthening the regulatory and supervisory framework of the financial system.",
    "Projection: rebound in growth in FY 2005/06.",
    "Recent performance: Real GDP growth slowed in FY 2004/05.",
    "Inflation: damage to agriculture contributed to double-digit inflation in FY 2004/05.",
    "Policy context: outlook described as occurring within \"broad macroeconomic stability.\"",
    "Target: reduction in the public debt-to-GDP ratio to 100 percent.",
    "Time horizon: target to be achieved \"over the next four years.\"",
    "Assessment: achieving the envisaged reduction \"will be challenging and demand high fiscal discipline.\"",
    "IMF staff assessment: welcomes continuing progress toward strengthening the regulatory and supervisory framework of the financial system.",
    "Fiscal years referenced: FY 2004/05, FY 2005/06.",
    "Time horizon for debt reduction: next four years.",
    "Pages: 27",
    "Volume: 2005",
    "Issue: 219",
    "Series: Country Report No. 2005/219",
    "DOI: https://doi.org/10.5089/9781451820157.002",
    "Stock No: 1JAMEA2005002",
    "ISBN: 9781451820157",
    "ISSN: 1934-7685",
    "**Jamaica: Interim Staff Report Under Intensified Surveillance**"
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