{
  "title": "Jamaica: Interim Staff Report Under Intensified Surveillance",
  "publication": "IMF Staff Country Reports, September 12, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/jamaica-interim-staff-report-under-intensified-surveillance-19877",
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  "summary": "The Jamaican economy made progress in reducing public debt despite adverse shocks and revenue shortfalls through fiscal consolidation under intensified IMF surveillance. IMF staff monitors the implementation of economic strategy formulated by the authorities.",
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    {
      "heading": "Overview",
      "content": "- Publication date: September 12, 2006\n- Main theme: Progress in reducing public debt through fiscal consolidation under intensified IMF surveillance despite adverse shocks and revenue shortfalls.\n- IMF staff role: Monitors the implementation of the economic strategy formulated by the authorities."
    },
    {
      "heading": "Key findings",
      "content": "- The Jamaican economy made progress in reducing public debt despite adverse shocks and revenue shortfalls through fiscal consolidation under intensified IMF surveillance.\n- Executive Directors welcomed:\n  - the monetary stance\n  - the strategy to widen the tax base\n  - efforts to strengthen the underlying fiscal position by improving tax administration\n- Executive Directors advised:\n  - strengthen fiscal consolidation\n  - accelerate structural reforms\n  - strengthen the resilience of the financial system\n- Emphasis: the need for intensified fiscal efforts to reduce debt rapidly."
    },
    {
      "heading": "Monitoring and implementation",
      "content": "- IMF staff monitors the implementation of the economic strategy formulated by the authorities."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects: Budget planning and preparation, Economic sectors, Expenditure, External debt, Public debt, Public financial management (PFM), Public sector\n- 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\n\n---\n\n Content in this bundle\n\n- cr06324\n  - cr06324 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06324 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 12, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451820195.002",
    "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.",
    "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:",
    "Executive Directors advised:",
    "Emphasis: the need for intensified fiscal efforts to reduce debt rapidly.",
    "IMF staff monitors the implementation of the economic strategy formulated by the authorities.",
    "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",
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