Jamaica: Staff Report for the 2005 Article IV Consultation

May 1, 2006

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Format: Chicago

Jamaica: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 29, 2024

Summary

This 2005 Article IV Consultation highlights that the economic activity in Jamaica has been adversely affected by shocks. Real GDP contracted sharply in late 2004 following the devastating effects of Hurricane Ivan. Thereafter, while output recovered, it was dampened by the poor performance of agriculture, which suffered from adverse weather conditions. The nominal exchange rate has depreciated in recent months. Fiscal targets have been missed, and the monetary policy has been geared at containing inflation while also seeking to engender a sustainable reduction in interest rates.

Subject: Expenditure, External debt, Inflation, Monetary base, Money, Prices, Public debt

Keywords: Balance, Caribbean, CR, Current account, Debt dynamics, Foreign currency, Global, Headline inflation, Inflation, ISCR, Monetary base, Narrowing interest rate differential, Percent GDP, Targeted revenue

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/158
Stock No:

1JAMEA2006003
ISBN:

9781451820188
ISSN:

1934-7685

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