Jamaica: Interim Staff Report Under Intensified Surveillance
IMF Staff Country Reports, September 12, 2006
Source details
- Canonical URL
- Jamaica: Interim Staff Report Under Intensified Surveillance
Other formats
Bibliographic details
- Published: September 12, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820195.002
Overview
- Publication date: September 12, 2006
- Main theme: Progress in reducing public debt through fiscal consolidation under intensified IMF surveillance despite adverse shocks and revenue shortfalls.
- IMF staff role: Monitors the implementation of the economic strategy formulated by the authorities.
Key findings
- The Jamaican economy made progress in reducing public debt despite adverse shocks and revenue shortfalls through fiscal consolidation under intensified IMF surveillance.
- Executive Directors welcomed:
- the monetary stance
- the strategy to widen the tax base
- efforts to strengthen the underlying fiscal position by improving tax administration
- Executive Directors advised:
- strengthen fiscal consolidation
- accelerate structural reforms
- strengthen the resilience of the financial system
- Emphasis: the need for intensified fiscal efforts to reduce debt rapidly.
Monitoring and implementation
- IMF staff monitors the implementation of the economic strategy formulated by the authorities.
Subject coverage and keywords
- Subjects: Budget planning and preparation, Economic sectors, Expenditure, External debt, Public debt, Public financial management (PFM), Public sector
- Keywords: broad money, Budget planning and preparation, CR, current account, debt dynamics, foreign currency, GDP ratio, Global, interest rate, ISCR, percent of GDP, private sector, Public sector