Jamaica : 2014 Article IV Consultation and Fourth Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report ; Press Release ; and Statement by the Executive Director for Jamaica.

Jamaica : 2014 Article IV Consultation and Fourth Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report ; Press Release ; and Statement by the Executive Director for Jamaica.

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, 2014.
©2014
Description:1 online resource.
Language:English
Series:IMF Country Reports ; no. 14/169
IMF country report ; no. 14/169.
Subject:
Economic development -- Jamaica.
Economic indicators -- Jamaica.
Fiscal policy -- Jamaica.
Economic development.
Economic indicators.
Fiscal policy.
Jamaica.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11304683
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund, issuing body.
ISBN:1322028222
1498355242
9781322028224
9781498355247
1498324940
9781498324946
Notes:Print version record.
Summary: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 1 1/2 percent in 2014-2015, as the negative fiscal impulse comes to an end.
Other form:Print version: 9781322028224
Table of Contents:
  • Cover; CONTENTS; CONTEXT: A STRATEGY FOR SUSTAINED AND EQUITABLE GROWTH; BOXES; 1. Achievements in the First Program Year; AN EMERGING RECOVERY AMID SHRINKING FISCAL AND EXTERNAL IMBALANCES; AN IMPROVING OUTLOOK; BUT WITH SALIENT DOWNSIDE RISKS; THE GOALS OF THE REFORM AGENDA; A.A Path Toward Sustained Growth and Competitiveness; B. Creating Jobs and Addressing Social Inequalities; C. Entrenching Fiscal and Debt Sustainability; 2. Episodes of Large Debt Reduction in Smaller States-Benchmarking the Ongoing Debt Reduction in Jamaica; D. Fortifying the Framework for Monetary Policy.
  • 9. Quantitative Performance Criteria10. Indicators of Fund Credit, 2014-25; 11. Schedule of Reviews and Purchases; ANNEXES; I. Jamaica
  • Risk Assessment Matrix; II. Jamaica
  • Debt Sustainability Analysis; III. Jamaica's External Stability, Exchange Rate, and Competitiveness Assessment; IV. Assessing Reserve Adequacy; V. Constructing a High-Frequency Economic Growth Indicator for Jamaica; APPENDIX; I. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK.
  • E. Institutionalizing Sound Financial IntermediationAN ON-TRACK PROGRAM; STATISTICS; STAFF APPRAISAL; FIGURES; 1. Recent Economic Developments; 2. Fiscal Developments; 3. Financial Sector Developments; 4. Public Debt; TABLES; 1. Selected Economic Indicators; 2. Summary of Central Government Operations (In millions of Jamaican dollars); 3. Summary of Central Government Operations (In percent of GDP); 4. Operations of the Public Entities; 5. Summary Balance of Payments; 6. Summary Accounts of the Bank of Jamaica; 7. Summary Monetary Survey; 8. Structural Program Conditionality.

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