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Jamaica: Second Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria

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  • International Monetary Fund

Abstract

This paper discusses Jamaica’s Second Review Under the Extended Arrangement Under the Extended Fund Facility (EFF) and Request for Modification of Performance Criteria. Program performance is on track despite the difficult economic environment. All end-September quantitative performance criteria and structural benchmarks were met. The macroeconomic outlook and financing scenario remain broadly in line with earlier projections. The authorities are pressing ahead with the next round of reforms, including strengthening the fiscal policy framework and reforming the securities dealers sector. Based on the performance to date and the authorities’ updated policy intentions and commitments, IMF staff recommends completion of the second review under the EFF.

Suggested Citation

  • International Monetary Fund, 2013. "Jamaica: Second Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria," IMF Staff Country Reports 2013/378, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/378
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    Cited by:

    1. Zaman, Rafia & Brudermann, Thomas, 2018. "Energy governance in the context of energy service security: A qualitative assessment of the electricity system in Bangladesh," Applied Energy, Elsevier, vol. 223(C), pages 443-456.
    2. Gikas A. Hardouvelis & Ioannis Gkionis, 2016. "A Decade Long Economic Crisis: Cyprus versus Greece," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 10(2), pages 3-40, December.
    3. Sanjay Kathuria & Mariem Mezghenni Malouche, 2016. "Strengthening Competitiveness In Bangladesh—Thematic Assessment," World Bank Publications - Books, The World Bank Group, number 24705, December.
    4. Athanasios O. Tagkalakis, 2013. "The output effects of systematic and non-systematic fiscal policy changes in Greece," Economics Bulletin, AccessEcon, vol. 33(3), pages 1816-1831.
    5. Scott Urban, 2014. "Policy Options for the Euro: Heterodoxy Ahead," Journal of Common Market Studies, Wiley Blackwell, vol. 52(4), pages 742-757, July.
    6. Leandro Medina, 2018. "Assessing Fiscal Risks in Bangladesh," Asian Development Review, MIT Press, vol. 35(1), pages 196-222, March.
    7. Aris Spanos & Niki Papadopoulou, 2013. "A Small Macroeconometric Model for the Cyprus Economy," Working Papers 2013-2, Central Bank of Cyprus.
    8. Prein, Timm M. & Scholl, Almuth, 2021. "The impact of bailouts on political turnover and sovereign default risk," Journal of Economic Dynamics and Control, Elsevier, vol. 124(C).
    9. Sanjay Kathuria & Mariem Mezghenni Malouche, 2016. "Toward New Sources of Competitiveness in Bangladesh," World Bank Publications - Books, The World Bank Group, number 22712, December.
    10. Nicoletta Pashourtidou & Christos S. Savva & Nicolas Syrichas, 2014. "The Effects of Fiscal Consolidation on Macroeconomic Indicators in Cyprus," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 8(1), pages 93-119, June.

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