## Jamaica: Staff Report for the 2005 Article IV Consultation

_IMF Staff Country Reports, May 1, 2006_

## Source details

**Canonical URL:** [Jamaica: Staff Report for the 2005 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/jamaica-staff-report-for-the-2005-article-iv-consultation-19183)

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## Bibliographic details
- Published: May 1, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820188.002

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### Macroeconomic shocks and growth
- Real GDP contracted sharply in late 2004 following the devastating effects of Hurricane Ivan.
- Output recovered thereafter but was dampened by the poor performance of agriculture, which suffered from adverse weather conditions.

### External sector and exchange rate
- The nominal exchange rate has depreciated in recent months.

### Fiscal and monetary policy
- Fiscal targets have been missed.
- Monetary policy has been geared at containing inflation while also seeking to engender a sustainable reduction in interest rates.

### Subject focus and thematic keywords
- Expenditure, External debt, Inflation, Monetary base, Money, Prices, Public debt.
- Keywords include: balance, Caribbean, CR, current account, debt dynamics, foreign currency, Global, headline inflation, Inflation, ISCR, Monetary base, narrowing interest rate differential, percent GDP, targeted revenue.

*Jamaica: Staff Report for the 2005 Article IV Consultation — May 1, 2006*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/jamaica-staff-report-for-the-2005-article-iv-consultation-19183_