Jamaica: Interim Staff Report Under Intensified Surveillance

September 12, 2006

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Jamaica: Interim Staff Report Under Intensified Surveillance, (USA: International Monetary Fund, 2006) accessed November 26, 2024

Summary

The Jamaican economy made progress in reducing public debt despite adverse shocks and revenue shortfalls through fiscal consolidation under intensified IMF surveillance. IMF staff monitors the implementation of economic strategy formulated by the authorities. Executive Directors welcomed the monetary stance and the strategy to widen the tax base and strengthen the underlying fiscal position by improving tax administration. They advised to strengthen fiscal consolidation, accelerate structural reforms, and strengthen the resilience of the financial system. They emphasized the need for intensified fiscal efforts to reduce debt rapidly.

Subject: Budget planning and preparation, Economic sectors, Expenditure, External debt, Public debt, Public financial management (PFM), Public sector

Keywords: Broad money, Budget planning and preparation, CR, Current account, Debt dynamics, Foreign currency, GDP ratio, Global, Interest rate, ISCR, Percent of GDP, Private sector, Public sector

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/324
Stock No:

1JAMEA2006004
ISBN:

9781451820195
ISSN:

1934-7685

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