Jamaica : Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Department.

Contributor:

International Monetary Fund, issuing body.

Series:

IMF Staff Country Reports; Country Report ; No. 2014/085

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Jamaica.

International Monetary Fund.

Fiscal policy--Jamaica.

Fiscal policy.

Monetary policy--Jamaica.

Monetary policy.

Economic indicators--Jamaica.

Economic indicators.

Physical Description:

1 online resource (77 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2014.

Language Note:

English

Summary:

This paper presents Jamaica’s Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria report. The IMF staff report highlights that recent data is in-line with GDP growth of some 1 percent in 2013–2014. Inflation has increased since 2012 due to the depreciation of the exchange rate as well as higher administered prices, but has moderated in recent months. The policy agenda under the program is now shifting to reforms in several areas including tax and customs administration, public financial management, securities dealers, the framework for monetary policy, and the business environment.

Contents:

""Cover""; ""CONTENTS""; ""BACKGROUND AND RECENT DEVELOPMENTS""; ""PERFORMANCE UNDER THE PROGRAM""; ""POLICY DISCUSSIONS""; ""A. Macroeconomic Framework""; ""B. The Fiscal Program and the Fiscal Reform Agenda""; ""C. Monetary Policy and Exchange Rate Regime""; ""D. Financial Sector Reform""; ""E. Growth and Social Protection""; ""PROGRAM DESIGN AND FINANCING""; ""STAFF APPRAISAL""; ""BOX""; ""1. Adopting an Effective Fiscal Rule""; ""FIGURES""; ""1. Recent Economic Developments""; ""2. Fiscal Developments""; ""3. Financial Sector Developments""; ""4. Public Debt""; ""TABLES""

""1. Selected Economic Indicators""""2. Summary of Central Government Operations (in millions of Jamaican dollars)""; ""3. Summary of Central Government Operations (in percent of GDP)""; ""4. Operations of the Public Entities""; ""5. Summary Balance of Payments""; ""6. Summary Accounts of the Bank of Jamaica""; ""7. Summary Monetary Survey""; ""8. Structural Program Conditionality""; ""9. Quantitative Performance Criteria""; ""10. Indicators of Fund Credit, 2013�27""; ""11. Schedule of Reviews and Purchases""; ""APPENDIX""; ""I. Letter of Intent""

""Attachment 1. Supplementary Memorandum of Economic and Financial Policies""""Attachment 2. Technical Memorandum of Understanding""

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed May 1, 2014).

ISBN:

9781475533590

1475533594

9781475532906

1475532903

9781484345849

1484345843