## Jamaica: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, August 16, 2004_

## Source details

**Canonical URL:** [Jamaica: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/jamaica-staff-report-for-the-2004-article-iv-consultation-17645)

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## Bibliographic details
- Published: August 16, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820133.002

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### Summary of recent developments and stabilization
- Following a near crisis in the first half of 2003, the authorities in Jamaica succeeded over the past year in stabilizing the economy and restoring market confidence.
- The foreign exchange market stabilized in mid-2003.
- Inflation has decelerated.
- Domestic interest rates have declined.
- Jamaica has returned to the international capital market.

### Growth and sectoral performance
- Real GDP growth reached 2 percent in FY 2003/04.
- The improvement was led by strong performance in the key tourism and mining sectors.

### Thematic subjects covered
- Exchange rates
- Expenditure
- External debt
- Foreign exchange
- Government debt management
- Public debt
- Public financial management (PFM)

### Keywords and focal issues
- authority
- Caribbean
- CR
- debt ratio
- education sector
- Exchange rates
- fiscal year
- foreign currency
- GDP
- Global
- Government debt management
- ISCR
- Jamaica case
- maturing debt
- monetary policy
- public debt debt ratio
- U.S. dollar

*Jamaica: Staff Report for the 2004 Article IV Consultation*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/jamaica-staff-report-for-the-2004-article-iv-consultation-17645_