Jamaica; 2003 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Jamaica

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.

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Year of publication:	2004-03-23
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| Economic conditions \| Staff Reports \| external debt \| current account \| capital markets \| current account deficit \| public sector debt \| domestic debt \| international capital markets \| public debt \| balance of payments \| international capital \| government securities \| debt service \| debt stock \| central bank \| access to international capital \| access to international capital markets \| debt sustainability analysis \| public finances \| debt sustainability \| debt management \| capital adequacy \| commercial borrowing \| external financing \| debt burden \| capital adequacy ratio \| capital expenditures \| current account balance \| debt ratio \| government deficit \| capital market \| current account deficits \| government debt \| debt dynamics \| domestic currency \| total external debt \| inflation rate \| private creditors \| external shocks \| securities market \| international bonds \| consumer price index \| real appreciation \| debt-servicing costs \| external borrowing \| domestic borrowing \| debt outstanding \| domestic financing \| access to capital markets \| capital inflows \| domestic creditors \| real effective exchange rate \| official creditors \| international capital market \| external debt stock \| commercial bank lending \| capital flows \| capital spending \| repurchases \| total debt stock \| external public debt \| public sector management \| private capital \| foreign currency debt \| debt overhang \| amortization payments \| bilateral creditors \| long-term loans \| external debt sustainability \| capital requirement \| bond issues \| loan disbursements \| indexed bonds \| debt holder \| minimum capital requirement \| excess liquidity \| net debt \| capital revenue \| imf purchases \| multilateral creditors \| commercial debt \| currency debt \| general resources account \| budget balance \| imf repurchases \| budget expenditures \| repayments \| social safety nets \| debt trap \| speculative attack \| exogenous shocks \| debt from official creditors \| debt servicing \| external debt servicing \| debt from private creditors \| debt management strategy \| capital market access

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 04/76 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591719