IMF Staff Country Reports

Jamaica: Staff Report for the 1999 Article IV Consultation

Publication Date:

January 25, 2000

Electronic Access:

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Summary:

Jamaica has achieved considerable success in reducing inflation, restructuring the financial system after the crisis in 1995–96, and further liberalizing the economy through tariff reduction and privatization. The government is urged to strengthen its efforts to put the economy on a less vulnerable path by a stronger fiscal adjustment supported by wage restraint, a more market-determined exchange rate, and an acceleration of structural reforms. The significant progress in structural reform made over recent years as well as the government’s determination to continue is commendable.

Series:

Country Report No. 2000/008

Subject:

Banking Economic sectors Exchange rates External debt Financial services Foreign exchange Public debt Public sector Real interest rates

Notes:

Included with the Staff Report are the text of Public Information Notice No. 00/03--IMF Concludes Article IV Consultation with Jamaica and a Statement by Mr. Thomas A. Bernes, Executive Director, on January 10, 2000.