Jamaica: Staff Report for the 2005 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 158

Publication date: May 2006

ISBN: 9781451820188

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Money and Monetary Policy , Public Finance , ISCR , CR , narrowing interest rate differential , balance , targeted revenue , current account , debt dynamics , headline inflation , percent GDP , foreign currency , Inflation , Monetary base , Global , Caribbean

Also of interest

Grenada

Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

This 2005 Article IV Consultation highlights that the economic activity in Jamaica has been adversely affected by shocks. Real GDP contracted sharply in late 2004 following the devastating effects of Hurricane Ivan. Thereafter, while output recovered, it was dampened by the poor performance of agriculture, which suffered from adverse weather conditions. The nominal exchange rate has depreciated in recent months. Fiscal targets have been missed, and the monetary policy has been geared at containing inflation while also seeking to engender a sustainable reduction in interest rates.