## Jamaica: Request for an Arrangement Under the Precautionary Liquidity Line and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Jamaica

_IMF Staff Country Reports, March 7, 2023_

## Source details

**Canonical URL:** [Jamaica: Request for an Arrangement Under the Precautionary Liquidity Line and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Jamaica](https://www.imf.org/en/publications/cr/issues/2023/03/07/jamaica-request-for-an-arrangement-under-the-precautionary-liquidity-line-and-request-for-530707)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/03/07/jamaica-request-for-an-arrangement-under-the-precautionary-liquidity-line-and-request-for-530707/index.md)
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## Bibliographic details
- Published: March 7, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400237034.002

---

### Overview
- Publication date: March 7, 2023
- This paper highlights Jamaica’s Request for an Arrangement under the Precautionary Liquidity Line (PLL) and Request for an Arrangement under the Resilience and Sustainability Facility (RSF).
- Context: Jamaica has been buffeted by a difficult global environment—from coronavirus disease, the war in Ukraine, and the ongoing tightening of global financial conditions.
- The authorities plan to treat the PLL as precautionary.

### IMF assessment and qualification for the PLL
- IMF assesses that Jamaica qualifies for the PLL.
- Performance: Jamaica is performing strongly in three out of five qualification areas and not substantially underperforming in other areas.

### Objectives and intended uses of the PLL and RSF
- PLL:
  - To provide a precautionary arrangement supporting macro-financial stability.
  - To support efforts to strengthen physical and fiscal resilience to climate change, advance decarbonization of the economy, and manage associated transition risks.
- RSF:
  - Expected to catalyze funding for Jamaica’s climate priorities from other official lenders and the private sector.
  - Will support Jamaica’s agenda to:
    - Accelerate the transition to renewable power generation.
    - Increase resilience to climate change.
    - Enhance the climate focus in fiscal policy frameworks.
    - Strengthen management of climate risks by financial institutions.

### Key substantive findings and policy focus
- The arrangement package (PLL + RSF) combines precautionary balance-of-payments support with targeted climate resilience and transition assistance.
- Emphasis on mobilizing additional financing (official and private) for climate-related investments and reforms.
- Integration of climate considerations into fiscal frameworks and financial sector risk management is a central element of the RSF support.

### Subjects and keywords (as listed)
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Climate change, Crime, Environment, External position, International organization, Monetary policy, Natural disasters, Public debt
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Caribbean, Climate change, climate priority, Global, Natural disasters, risk financing Policy, RSF policy reform measure, staff appraisal, transition risk

*Source: Jamaica: Request for an Arrangement Under the Precautionary Liquidity Line and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Jamaica (IMF Staff Country Reports 2023, No. 2023/105), March 7, 2023.*

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## Content in this bundle

- **1jamea2023002**
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  - [1jamea2023002 (PDF)](/-/media/files/publications/cr/2023/english/1jamea2023002.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2023/03/07/jamaica-request-for-an-arrangement-under-the-precautionary-liquidity-line-and-request-for-530707_