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The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean1

The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean1 »

Source: The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean

Volume/Issue: 2012/276

Series: IMF Working Papers

Author(s): Charles Amo Yartey , Machiko Narita , Garth Peron Nicholls , and Joel Chiedu Okwuokei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2012

ISBN: 9781557754967

Keywords: public debt, fiscal consolidation efforts, fiscal performance, fiscal adjustment, Forecasts of Budgets, Deficits, and Debt,

This paper examines debt dynamics in the Caribbean and discusses policy options for reducing the high debt levels. Based on empirical studies of factors underlying global large debt reduction episodes, important po...

IMF Completes First Review under Extended Fund Facility Arrangement for Jamaica and Approves US$30.6 Million Disbursement

IMF Completes First Review under Extended Fund Facility Arrangement for Jamaica and Approves US$30.6 Million Disbursement »

Source: Jamaica : First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria

Volume/Issue: 2013/304

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 October 2013

ISBN: 9781484345573

Keywords: exchange, market, debt, monetary fund, reserves

This paper discusses Jamaica's First Review Under the Extended Arrangement Under the Extended Fund Facility (EFF) and Request for Modification of Performance Criteria. All end-June quantitative conditions and all s...

IMF Completes Second Review under the Extended Fund Facility Arrangement with Jamaica and Approves US$30.8 Million Disbursement

IMF Completes Second Review under the Extended Fund Facility Arrangement with Jamaica and Approves US$30.8 Million Disbursement »

Source: Jamaica : Second Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria

Volume/Issue: 2013/378

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2013

ISBN: 9781484336434

Keywords: public debt, tax reform, fiscal rule, fiscal consolidation

This paper discusses Jamaica's Second Review Under the Extended Arrangement Under the Extended Fund Facility (EFF) and Request for Modification of Performance Criteria. Program performance is on track despite the d...

IMF Completes Third Review under the Extended Fund Facility Arrangement for Jamaica and Approves US$71.4 Million Disbursement

IMF Completes Third Review under the Extended Fund Facility Arrangement for Jamaica and Approves US$71.4 Million Disbursement »

Source: Jamaica : Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria

Volume/Issue: 2014/85

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2014

ISBN: 9781484345832

Keywords: fiscal rule, public debt, fiscal discipline, tax incentives, revenue collection

This paper presents Jamaica's Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria report. The IMF staff report highlights that recent da...

IMF Concludes Article IV Consultation with Jamaica

IMF Concludes Article IV Consultation with Jamaica »

Source: Jamaica : Staff Report for the 1999 Article IV Consultation

Volume/Issue: 2000/8

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 January 2000

ISBN: 9781451820072

Keywords: debt, interest, public debt, external debt, liabilities

Jamaica has achieved considerable success in reducing inflation, restructuring the financial system after the crisis in 1995-96, and further liberalizing the economy through tariff reduction and privatization. The...

IMF Concludes Article IV Consultation with Jamaica

IMF Concludes Article IV Consultation with Jamaica »

Source: Jamaica : Staff Report for the 2001 Article IV Consultation and Review of Staff Monitored Program

Volume/Issue: 2001/83

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2001

ISBN: 9781451820089

Keywords: debt, public sector, interest, interest rates, public sector debt

The principal problems facing the Jamaican economy are the extremely heavy burden of public sector debt, low growth, and the legacy of earlier periods of high inflation. The government has implemented several impro...

IMF Concludes 2002 Article IV Consultation with Jamaica

IMF Concludes 2002 Article IV Consultation with Jamaica »

Source: Jamaica : Staff Report for the 2002 Article IV Consultation and a New Staff-Monitored Program

Volume/Issue: 2002/197

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2002

ISBN: 9781451820096

Keywords: debt, public sector, interest, deficit, interest rates

This paper focuses on the 2002 Article IV Consultation and a New Staff-Monitored Program (SMP) for Jamaica. In June 2000, the Jamaican authorities undertook an SMP for FY2000/01-2001/02 designed to tackle the heavy...

IMF Concludes 2003 Article IV Consultation with Jamaica

IMF Concludes 2003 Article IV Consultation with Jamaica »

Source: Jamaica : Staff Report for the 2003 Article IV Consultation

Volume/Issue: 2004/76

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2004

ISBN: 9781451820102

Keywords: debt, interest, public sector, interest rates

Jamaica faced intense macroeconomic imbalances that threatened its macroeconomic stability. Executive Directors emphasized the need for credible policy actions and strong fiscal adjustment to reduce imbalances and...

IMF Concludes 2004 Article IV Consultation with Jamaica

IMF Concludes 2004 Article IV Consultation with Jamaica »

Source: Jamaica : Staff Report for the 2004 Article IV Consultation

Volume/Issue: 2004/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2004

ISBN: 9781451820133

Keywords: debt, interest, public debt, budget, interest rate

This 2004 Article IV Consultation highlights that following the near crisis in the first half of 2003, the authorities in Jamaica have succeeded over the past year in stabilizing the economy and restoring market co...

IMF Executive Board Approves US$1.27 Billion Stand-By Arrangement with Jamaica

IMF Executive Board Approves US$1.27 Billion Stand-By Arrangement with Jamaica »

Source: 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

Volume/Issue: 2010/267

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2010

ISBN: 9781455203475

Keywords: debt, interest, public sector, budget, financial sector

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 th...