Cover IMF Staff Country Reports
Jamaica: 2010 First Review of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 268
Language:
English
Publication Date:
18 Aug 2010
DOI:
https://doi.org/10.5089/9781455203482.002
ISBN:
9781455203482
ISSN:
1934-7685
Pages:
101
Keywords:
ISCR; CR; financial market condition; IMF's executive board; participation rate; fiscal year; IDB project; recovery Project; GDP deflator; Bonds; International reserves; Caribbean; Europe; Global
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Jamaica has performed well under the Stand-By Arrangement program. Executive Directors commended that overall macroeconomic performance under the program has been encouraging. Directors welcomed the program aimed at fiscal responsibility legislation and central treasury management, public debt restructuring, financial sector reforms, including the improvement of consolidated supervision and the regulation of nonbanks. They agreed that the sale of Air Jamaica represents an important milestone. Based on overall satisfactory performance of Jamaica on completion of the First Review of the SBA, the IMF approved immediate fund disbursement.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2010: Issue 268