Update on the Jamaican Economy

Juan Montecino () and Jake Johnson
Authors registered in the RePEc Author Service: Jake Johnston ()

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: This paper looks at Jamaica’s stalled agreement with the International Monetary Fund (IMF), its economic performance over the past year and examines its persistently high debt burden. It finds that an unsustainable debt burden continues to displace needed investments, preventing long-term growth. The stalling of the IMF agreement has prevented disbursements of necessary multilateral financing, slowing the economy’s recovery. Together with pro-cyclical macroeconomic policies supported by the IMF, the recovery of the Jamaican economy remains muted.

Keywords: jamaica; imf; debt; JDX (search for similar items in EconPapers)
Pages: 21 pages Classification- JEL: E, EO, E6, E61, E62, E65, F, F1, F14, F5, I, O, O4, O5, O54,
Date: 2012-05
New Economics Papers: this item is included in nep-mac and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2012-15

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