1.

Record Nr.

UNINA9910813683303321

Titolo

Jamaica : : Request for an Arrangement Under the Extended Fund Facility

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

1-4843-0340-7

1-4843-3793-X

1-4843-4284-4

Edizione

[1st ed.]

Descrizione fisica

1 online resource (121 p.)

Collana

IMF Staff Country Reports

Disciplina

332

Soggetti

Monetary policy - Jamaica

Banks and Banking

Macroeconomics

Public Finance

Taxation

Financial Risk Management

Debt

Debt Management

Sovereign Debt

Taxation, Subsidies, and Revenue: General

National Government Expenditures and Related Policies: General

Fiscal Policy

Public Enterprises

Public-Private Enterprises

Public finance & taxation

Civil service & public sector

Banking

Education

Sales tax, tariffs & customs duties

Public debt

Revenue administration

Public sector

Fiscal consolidation

Expenditure

Economic sectors

Fiscal policy

Debts, Public

Finance, Public



Revenue

Expenditures, Public

Jamaica Economic conditions

Jamaica

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Cover; CONTENTS; BACKGROUND AND RECENT DEVELOPMENTS; POLICY DISCUSSIONS; A. Overview; B. Macroeconomic Framework; C. Restoring Public Debt Sustainability and Strengthening the Public Finances; BOXES; 1. Details of the Debt Exchange; 2. Financial Sector Impact of the Debt Exchange-Stress Testing Results; D. Financial Sector Stability; E. Monetary Policy and Exchange Rate Regime; F. The Growth and Social Protection Agenda; PROGRAM DESIGN, FINANCING AND RISKS; G. Program Design; H. Program Financing; I. Risks to Program Implementation; STAFF APPRAISAL; FIGURES; 1. Recent Economic Developments

2. Fiscal Developments3. 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 Conditionalities; 9. Quantative Performance Criteria; 10. Indicators of Fund Credit; 11. Schedule of Reviews and Purchases; ANNEXES; I. Exchange Rate Assessment

II. External and Public Debt SustainabilityDSA FIGURES; 1. External Debt Sustainability: Bound Tests; DSA TABLES; 1. External Debt Sustainability Framework, 2006/07-2016/17; 2. Public Debt Sustainability Analysis--Bound Tests; 2. Public Debt Sustainability Framework, 2006/07-2016/17; APPENDIX; I. Letter of Intent; Attachment 1. Memorandum of Economic and Financial Policies; Attachment 2. Technical Memorandum of Understanding; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK; RELATIONS WITH THE INTER-AMERICAN DEVELOPMENT BANK; STATISTICAL ISSUES

Sommario/riassunto

During the past three decades, Jamaica has shown low economic growth and high public debt, and has faced other social challenges. To help restore competitiveness and improve financial market conditions, the authorities have come up with a comprehensive four-year economic program—2013/14 through 2016/17—that aims to avert immediate crisis risks and create the necessary conditions for sustained growth. The program’s main pillars include structural reforms, fiscal adjustments supported by extensive fiscal reforms, and improved social protection programs.