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Update on the Jamaican Economy

Author

Listed:
  • Juan Montecino
  • Jake Johnson

Abstract

This 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.

Suggested Citation

  • Juan Montecino & Jake Johnson, 2012. "Update on the Jamaican Economy," CEPR Reports and Issue Briefs 2012-15, Center for Economic and Policy Research (CEPR).
    • Handle: RePEc:epo:papers:2012-15
    as

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    File URL: http://www.cepr.net/documents/publications/jamaica-2012-05.pdf
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2010. "Jamaica: 2010 First Review of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion," IMF Staff Country Reports 2010/268, International Monetary Fund.
    2. International Monetary Fund, 2010. "Jamaica: Second Review Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion," IMF Staff Country Reports 2010/358, International Monetary Fund.
    3. 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).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Jake Johnston, 2015. "Partners in Austerity: Jamaica, the United States and the International Monetary Fund," CEPR Reports and Issue Briefs 2015-09, Center for Economic and Policy Research (CEPR).
    2. Dino Collalti & Eric Strobl, 2022. "Economic damages due to extreme precipitation during tropical storms: evidence from Jamaica," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 110(3), pages 2059-2086, February.

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    More about this item

    Keywords

    jamaica; imf; debt; JDX;
    All these keywords.

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