IMF Staff Country Reports

Jamaica: Second Review Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion

Publication Date:

December 9, 2010

Electronic Access:

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Summary:

Economic activity is weak, but showing incipient signs of a recovery. Domestic financial markets remain stable and the growth outlook has improved. Better prospects for agriculture, mining and quarrying, and construction are expected to increase growth. Macroeconomic performance under the program continues to be positive. Jamaica has taken advantage of the favorable market conditions to ease monetary conditions and build international reserves, and continues to demonstrate a strong commitment to the program. The financial sector has weathered well the impact of the debt exchange.

Series:

Country Report No. 2010/358

Subject:

Central banks Economic sectors Expenditure External debt International reserves Public debt Public sector