Jamaica : 2010 First Review of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2010/268

IMF Staff Country Reports

Language:

English

Subjects (All):

Jamaica--Economic conditions.

Jamaica.

Jamaica--Economic policy.

Physical Description:

1 online resource (102 p.)

Edition:

First edition.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Language Note:

English

Summary:

Jamaica has performed well under the Stand-By Arrangement program. Executive Directors commended that overall macroeconomic performance under the program has been encouraging. Directors welcomed the program aimed at fiscal responsibility legislation and central treasury management, public debt restructuring, financial sector reforms, including the improvement of consolidated supervision and the regulation of nonbanks. They agreed that the sale of Air Jamaica represents an important milestone. Based on overall satisfactory performance of Jamaica on completion of the First Review of the SBA, the IMF approved immediate fund disbursement.

Contents:

Cover; Contents; I. Recent Developments and Outlook; Boxes; 1. Impact of Jamaica's Debt Exchange on the Financial Sector; II. Performance under the Program; III. Policy Discussions; A. Fiscal Program for FY2010/11; 2. Impact of the Debt Exchange on Government Finances; B. Fiscal Reform Agenda; C. Financial Sector Reforms; D. Monetary Policy; IV. Staff Appraisal; Tables; 1. Selected Economic Indicators (Annual); 2. Selected Economic Indicators (Quarterly); 3. Summary of Central Government Operations (In billions of Jamaican dollars)

4. Summary of Central Government Operations (In percent of GDP)5. Operations of the Public Entities; 6. Summary Balance of Payments; 7. Summary Accounts of the Bank of Jamaica; 8. Summary Monetary Survey; 9. Schedule of Reviews and Purchases; 10. Indicators of Capacity to Repay the Fund Under a Proposed SBA; 11. Public Sector Debt Sustainability Framework; Figures; 1. Public Debt Sustainability: Bound Tests; 12. External Debt Sustainability Framework; 2. External Debt Sustainability: Bound Tests; Appendices; 1. Jamaica's Debt Exchange-Outcome and Lessons Learned

2. The Financial Sector Stability Fund3. Structural Reform Agenda; 4. Divestment of Air Jamaica; 5. Technical Assistance Priorities under the SBA; Attachments; 1. Letter of Intent (LOI); 2. Memorandum of Economic and Financial Policies (MEFP); 3. Technical Memorandum of Understanding; Contents; Appendices; I. Fund Relations; II. Relations with the World Bank Group; III. Relations with the Inter-American Development Bank; IV. Statistical Issues

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9786613877215

9781455235940

1455235946

9781455234431

1455234435

9781283564762

1283564769

9781455232406

1455232408

OCLC:

876511547