## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/jamaica-interim-staff-report-under-intensified-surveillance-19877)

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## Bibliographic details
- Published: September 12, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820195.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/jamaica-interim-staff-report-under-intensified-surveillance-19877_