Jamaica: Staff Report for the 2004 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 263

Publication date: August 2004

ISBN: 9781451820133

$20.00

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Topics covered in this book

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Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , monetary policy , debt ratio , authority , GDP , fiscal year , public debt debt ratio , maturing debt , U , S , dollar , foreign currency , education sector , Jamaica case , Exchange rates , Government debt management , Global , Caribbean

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

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 confidence. The foreign exchange market stabilized in mid-2003, inflation has decelerated, domestic interest rates have declined, and growth improved, while Jamaica has returned to the international capital market. Real GDP growth reached 2 percent in FY 2003/04. The improvement was led by strong performance in the key tourism and mining sectors.