Update on the Jamaican Economy
AbstractThis paper looks at Jamaica’s stalled agreement with the International Monetary Fund (IMF), its economic performance over the past year and examines its persistently high debt burden. It finds that an unsustainable debt burden continues to displace needed investments, preventing long-term growth. The stalling of the IMF agreement has prevented disbursements of necessary multilateral financing, slowing the economy’s recovery. Together with pro-cyclical macroeconomic policies supported by the IMF, the recovery of the Jamaican economy remains muted.
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Bibliographic InfoPaper provided by Center for Economic and Policy Research (CEPR) in its series CEPR Reports and Issue Briefs with number 2012-15.
Length: 21 pages Classification- JEL: E, EO, E6, E61, E62, E65, F, F1, F14, F5, I, O, O4, O5, O54,
Date of creation: May 2012
Date of revision:
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jamaica; imf; debt; JDX;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-06-13 (All new papers)
- NEP-MAC-2012-06-13 (Macroeconomics)
- NEP-PKE-2012-06-13 (Post Keynesian Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Juan Montecino & Jake Johnson, 2011. "Jamaica: Macroeconomic Policy, Debt and the IMF," CEPR Reports and Issue Briefs 2011-11, Center for Economic and Policy Research (CEPR).
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