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Record Nr. |
UNINA9910155012903321 |
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Titolo |
Jamaica : : Request for Stand By Arrangement and Cancellation of the Current Extended Arrangement Under the Extended Fund Facility-Press Release and Staff Report |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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9781475553376 |
1475553374 |
9781475553437 |
1475553439 |
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Descrizione fisica |
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1 online resource (84 p.) |
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Collana |
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IMF Staff Country Reports |
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Soggetti |
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Banks and Banking |
Macroeconomics |
Public Finance |
Debt |
Debt Management |
Sovereign Debt |
Public Enterprises |
Public-Private Enterprises |
Public Administration |
Public Sector Accounting and Audits |
National Government Expenditures and Related Policies: General |
Central Banks and Their Policies |
Public finance & taxation |
Civil service & public sector |
Financial administration & public finance law |
Banking |
Public debt |
Public sector |
PFM legal and regulatory frameworks |
Expenditure |
Open market operations |
Economic sectors |
Public financial management (PFM) |
Central banks |
Debts, Public |
Finance, Public |
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Law and legislation |
Expenditures, Public |
Pfm legal and regulatory frameworks |
Jamaica |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Sommario/riassunto |
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This paper discusses Jamaica’s Request for Stand By Arrangement (SBA) and Cancellation of the Current Extended Arrangement Under the Extended Fund Facility (EFF). Fiscal discipline and proactive debt management have helped reduce public debt by more than 25 percent of GDP since the start of the extended arrangement under the EFF. Macroeconomic stability is becoming entrenched as evidenced by low inflation, the buildup of foreign currency reserves, and a decline in the current account deficit. Important reforms are also being undertaken to unlock Jamaica’s growth potential. In view of the country’s recent track record and authorities’ commitment to reforms and maintaining an open dialog with the IMF, the IMF staff supports the request for the precautionary SBA. |
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