Jamaica: Thirteenth Review under the Arrangement Under the Extended Fund Facility-Press Release and Staff Report

International Monetary Fund

No 2016/297, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Jamaica’s Thirteenth Review Under the Arrangement Under the Extended Fund Facility. Program implementation is on track. The authorities’ continued commitment to the demanding reform program even in the fourth year of the IMF-supported program is commendable. All quantitative performance criteria to be completed by the end of June 2016, as well as the continuous quantitative program targets and structural benchmarks, have been met. Domestic confidence indicators are at an all-time high, and there are signs of improving economic activity, including agricultural recovery, strong performance in tourism and manufacturing, and stronger private sector credit growth. Higher growth dividends, more job creation, and improved living standards will be essential to continued social support for the reform agenda.

Keywords: ISCR; CR; EFF arrangement; growth-enhancing capital spending; SDR; credit growth; banking sector competition; thirteenth review; Public sector; Inflation; Open market operations; Global; Caribbean (search for similar items in EconPapers)
Pages: 69
Date: 2016-09-19
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=44277 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2016/297

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().