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 /

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©2010.
Description:1 online resource (105 pages)
Language:English
Series:IMF country report ; no. 10/267
IMF country report ; no. 10/267.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499070
Hidden Bibliographic Details
Varying Form of Title:Jamaica, 2009 Article IV consultation and request for a stand-by arrangement
Other authors / contributors:International Monetary Fund. Western Hemisphere Department.
ISBN:9781455203475
1455203475
9781455220298
1455220299
Notes:"August 2010."
Online resource; title from PDF title page (IMF Web site, viewed June 1, 2011).
Summary: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.