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Jamaica : second review under the extended arrangement under the extended fund facility and request for modification of performance criteria

Discussions centered on the preparations for the 2015/16 budget, and reforms to strengthen the financial sector and boost growth. The authorities have deepened their efforts in supporting their ambitious fiscal goals by strengthening public financial management and revenue administration, and they reiterated their resolve to continue containing the wage bill. Steps have also been identified to advance the reform of the securities dealers and to increase the resilience of the financial system.

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  • "Discussions centered on the preparations for the 2015/16 budget, and reforms to strengthen the financial sector and boost growth. The authorities have deepened their efforts in supporting their ambitious fiscal goals by strengthening public financial management and revenue administration, and they reiterated their resolve to continue containing the wage bill. Steps have also been identified to advance the reform of the securities dealers and to increase the resilience of the financial system."@en
  • "In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country."@en
  • "EXECUTIVE SUMMARYRecent data show a gradual economic recovery, with growth projected to reach just over1 percent in 2014/15. Inflation has trended down to about 8 percent.The program is on track. Jamaica's four-year, SDR 615.38 million (225 percent of quota)Extended Arrangement under the EFF was approved by the IMF Executive Board on May 1,2013, and the first four reviews under the program were completed on schedule. All end-June 2014 quantitative performance criteria were met. The structural benchmarks for end-June were also met. Based on the strong performance to date and the authorities' up."@en
  • "In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries."@en
  • "This 2014 Article IV Consultation highlights that a gradual economic recovery appears to be under way in Jamaica. Growth is estimated at 0.9 percent in FY2013/14, as mining, agriculture, and tourism picked up. Recorded unemployment remains high, but fell from 16 percent to 13.5 percent (in seasonally adjusted terms) from April 2013 to January 2014. Inflation declined to 7.6 percent (year over year) at end-April, as the impact of the ongoing depreciation of the exchange rate was countered by weak domestic demand. Growth is projected to reach almost 1Â1D percent in 2014â??2015, as the negative fi."@en
  • "EXECUTIVE SUMMARYMacroeconomic developments are broadly in line with program projections. There aresigns of a gradual recovery from the effects of the global financial crisis and hurricaneSandy. Real GDP growth for 2013/14 is projected at just under 1 percent, supported byimproved activity in the tourism, mining, and agricultural sectors. Inflation has increased dueto the depreciation of the exchange rate as well as higher administered prices in the contextof the recent fiscal package. International reserves are in line with program requirements, but remain low. The execution of the 2013/14 bud."@en
  • "Jamaica: 2007 Article IV Consultation - Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Jamaica."@en
  • "This paper discusses Jamaica's Seventh Review Under the Extended Fund Facility and Request for Modification of Performance Criteria. Risks to the program are slowly waning but remain high. Notwithstanding the authorities' demonstrated resolve in implementing the program, more tangible signs of improvements in growth will be important to sustain the social consensus needed to continue on the reform trajectory. The program is on track. All December 2014 quantitative performance criteria were met and structural reforms have progressed broadly on schedule. Based on the continued strong performance."@en
  • "Extended arrangement. On May 1, 2013, the IMF Executive Board approved a request bythe Jamaican authorities for a four-year Extended Arrangement in an amount of SDR 615.38million (225 percent of quota) with a first purchase equal to 50 percent of quota. Economic developments. Growth has remained anemic in the aftermath of hurricaneSandy and the subsequent drought, while inflation has picked up, in part due to the passthroughof further depreciation of the exchange rate. International reserves increasedconsistent with program requirements, but remain low. The debt exchange has notunderm."@en

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  • "Electronic books"@en
  • "Electronic books"

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  • "Jamaica : second review under the extended arrangement under the extended fund facility and request for modification of performance criteria"@en
  • "Jamaica"@en
  • "Jamaica"

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