Jamaica: Fifth Review Under the Stand-By Arrangement-Press Release and Staff Report
International Monetary Fund. Western Hemisphere Dept.
Apr 2019 · International Monetary Fund
Ebook
83
Pages
reportRatings and reviews aren’t verified Learn More
About this ebook
This first review under the Stand-By Arrangement (SBA) highlights that the economy has expanded for the past 15 quarters, unemployment is at historic lows, international reserve coverage is consistently high, inflation is subdued—albeit below the Bank of Jamaica (BOJ) target 4–6 percent range, the stock market was the globe’s best performer in 2018, and Fitch recently upgraded Jamaica’s credit rating. A slow pick-up in private investment, however, is still pointing to the need to reinvigorate the effort to remove supply-side impediments to growth and job creation. It has been observed that sustained reduction in the public wage bill will require a fundamental transformation of the compensation framework and the public sector. Moreover, the BOJ’s recent advances in communication should continue to stress the central bank’s commitment to its inflation mandate. The discussions described that an escalation in crime could further curtail private investment and growth. Weaker world growth and tighter global financial conditions represent important downside risks.
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
