Jamaica: Staff Report for the 2002 Article IV Consultation and a New Staff-Monitored Program

This paper focuses on the 2002 Article IV Consultation and a New Staff-Monitored Program (SMP) for Jamaica. In June 2000, the Jamaican authorities undertook an SMP for FY2000/01–2001/02 designed to tackle the heavy public sector burden and restore economic growth. To build on the progress achieved so far, the government has requested a new SMP for FY2002/03. The objectives of the program are to consolidate gains in macroeconomic stabilization and adjustment achieved to date and to lay the foundations for sustainable, strong economic growth that would further reduce poverty.
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Volume/Issue: Volume 2002 Issue 197
Publication date: September 2002
ISBN: 9781451820096
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Topics covered in this book

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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , exchange rate , stabilization policy , government , economy , GDP , anti-crime initiative , Jamaican authorities , debt stock , price spiral , wage demand , Public sector , Open market operations , Caribbean

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Summary

This paper focuses on the 2002 Article IV Consultation and a New Staff-Monitored Program (SMP) for Jamaica. In June 2000, the Jamaican authorities undertook an SMP for FY2000/01–2001/02 designed to tackle the heavy public sector burden and restore economic growth. To build on the progress achieved so far, the government has requested a new SMP for FY2002/03. The objectives of the program are to consolidate gains in macroeconomic stabilization and adjustment achieved to date and to lay the foundations for sustainable, strong economic growth that would further reduce poverty.

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