IMF Staff Country Reports

Jamaica: Selected Issues

Publication Date:

February 18, 1999

Electronic Access:

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Summary:

This Selected Issues paper presents an overview of financial system developments in Jamaica. The financial system experienced substantial growth over 1989–95 as a result of the liberalization of financial markets and the reduction in government involvement in the industry through the privatization of banks. The paper highlights that banks that had been acquired by the government in the 1970s were sold back to the private sector. This paper also reviews developments in monetary policy in Jamaica, and the role of the public sector.

Series:

Country Report No. 1999/002

Subject:

Bank deposits Banking Central banks Commercial banks Currencies Economic sectors Financial institutions Monetary policy Money Open market operations Public sector Reserve requirements