European Parliament Library

Jamaica :, 2009 Article IV Consultation and Request for a Stand: By Arrangement: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion

Jamaica has been stuck in a cycle of low growth and high debt dynamics. It has been severely impacted by the global economic slowdown, and finances have deteriorated. Jamaica’s objective of virtually eliminating the overall public sector deficit is appropriate. Embedding the medium-term fiscal consolidation effort in a comprehensive set of fiscal structural reforms is the key. Strengthening regulatory and supervisory frameworks along with legislative and structural reforms will reduce systemic risks to the financial system. The proposed program carries risks but these risks are manageable
Table Of Contents
Cover; Contents; I. Background and Recent Developments; II. Policy Discussions and Program for 2009/12; A. Fiscal Policy; B. Structural Fiscal Reforms; C. Addressing the Debt Overhang; Boxes; 1. Details of the Debt Exchange; D. Financial Sector Policies; E. Monetary and Exchange Rate Policy; III. Program Issues; 2. Exchange Rate Assessment and Competitiveness; IV. Staff Appraisal; 1. Recent Economic Developments, January 2010; Figures; 2. Financial Sector Developments; Tables; 1. Selected Economic Indicators; 2. Summary of Central Government Operations (In billions of Jamaican dollars)
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (106 p.)
Specific Material Designation
Form Of Item

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