Jamaica: Seventh Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Jamaica

April 3, 2015

Preview Citation

Format: Chicago

Jamaica: Seventh Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Jamaica, (USA: International Monetary Fund, 2015) accessed September 18, 2024

Summary

This paper discusses Jamaica’s Seventh Review Under the Extended Fund Facility and Request for Modification of Performance Criteria. Risks to the program are slowly waning but remain high. Notwithstanding the authorities’ demonstrated resolve in implementing the program, more tangible signs of improvements in growth will be important to sustain the social consensus needed to continue on the reform trajectory. The program is on track. All December 2014 quantitative performance criteria were met and structural reforms have progressed broadly on schedule. Based on the continued strong performance and the authorities’ policy commitments, the IMF staff recommends completion of the seventh review.

Subject: Economic sectors, Expenditure, Oil prices, Prices, Public debt, Public sector, Revenue administration

Keywords: CR, EFF arrangement, Expectation, GDP target, Global, IMF's Extended Fund, ISCR, Oil price, Oil prices, Program expectation, Public sector, Reform agenda, Repo sector, SDR

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/095
Stock No:

1JAMEA2015001
ISBN:

9781475520620
ISSN:

1934-7685

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