Jamaica : Second 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.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/378

IMF Staff Country Reports

Language:

English

Subjects (All):

Finance, Public--Jamaica.

Finance, Public.

Physical Description:

1 online resource (83 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This paper discusses Jamaica’s Second Review Under the Extended Arrangement Under the Extended Fund Facility (EFF) and Request for Modification of Performance Criteria. Program performance is on track despite the difficult economic environment. All end-September quantitative performance criteria and structural benchmarks were met. The macroeconomic outlook and financing scenario remain broadly in line with earlier projections. The authorities are pressing ahead with the next round of reforms, including strengthening the fiscal policy framework and reforming the securities dealers sector. Based on the performance to date and the authorities’ updated policy intentions and commitments, IMF staff recommends completion of the second review under the EFF.

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; BOXES; 1. Reforming the Securities Dealers Sector; E. Growth and Social Protection; 2. The Agenda for Inclusive Growth; PROGRAM DESIGN AND FINANCING; STAFF APPRAISAL; 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; ANNEX; I. Debt Sustainability Analysis; ANNEX FIGURES; 1. Public DSA Risk Assessment; 2. Public DSA-Realism of Baseline Assumptions

3. Public Sector DSA-Baseline Scenario4. Public DSA-Composition of Public Debt and Alternative Scenarios; 5. Public DSA-Stress Tests; 6. External Debt Sustainability: Bound Tests; ANNEX TABLE; 1. External Debt Sustainability Framework, 2008/09-2018/19; 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 February 17, 2014).

ISBN:

9781484337158

1484337158

9781484336946

1484336941

9781484337240

1484337247

OCLC:

870228473