Jamaica: Staff Report for the 2003 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 076

Publication date: March 2004

ISBN: 9781451820102

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Investments and Securities-General , Economics- Macroeconomics , Public Finance , ISCR , CR , issuer rating , exchange rate , disinflation strategy , bond issue , deficit , bond issuer rating , net yield , tax package , finance minister , Public sector , Domestic debt , Global , Caribbean

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

Jamaica faced intense macroeconomic imbalances that threatened its macroeconomic stability. Executive Directors emphasized the need for credible policy actions and strong fiscal adjustment to reduce imbalances and lower vulnerability. They welcomed the strong fiscal adjustment in the budget and encouraged the Bank of Jamaica to reorient monetary policy. They stressed the need for a policy mix that would restore macroeconomic stability, achieve higher growth, lower external imbalances, and emphasized for anti-crime measures, infrastructure building, and sector-specific policies to promote growth.