Jamaica: Staff Report for the 2001 Article IV Consultation and Review of Staff Monitored Program

International Monetary Fund

No 2001/083, IMF Staff Country Reports from International Monetary Fund

Abstract: The principal problems facing the Jamaican economy are the extremely heavy burden of public sector debt, low growth, and the legacy of earlier periods of high inflation. The government has implemented several improvements in its debt management strategy. Fiscal restraint has been reinforced by tight monetary policy. Exchange rate stability has succeeded in lowering domestic inflation. The legislative framework strengthens prudential supervision of both banks and other financial institutions to limit the risks of any further financial crisis. Measures to strengthen the regulatory framework are required.

Keywords: ISCR; CR; U.S. dollar bond; market condition; rate; yield; invoice price; Jamaican authority; mid-May auction result; Public sector; Inflation; Financial sector; Caribbean (search for similar items in EconPapers)
Pages: 65
Date: 2001-06-14
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=4097 (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:2001/083

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 ().