Jamaica: Interim Staff Report Under Intensified Surveillance
Electronic Access:
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Summary:
This paper reviews the Interim Staff Report Under Intensified Surveillance for Jamaica. The authorities have reaffirmed their objective of balancing the budget in FY 2005/06, while recognizing that this now poses a greater challenge. The IMF staff now estimates that measures in the range of 2.5–3.0 percent of GDP would be required to meet this goal, compared with the IMF staff’s estimate of 1.7 percent of GDP at the time of the 2004 Article IV consultation. The room to maneuver in monetary and exchange rate policy remains constrained by the debt overhang.
Series:
Country Report No. 2005/061
Subject:
Budget planning and preparation Central banks Expenditure International reserves Open market operations Public debt Public financial management (PFM)
English
Publication Date:
February 18, 2005
ISBN/ISSN:
9781451820140/1934-7685
Stock No:
1JAMEA2005001
Pages:
25
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