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Jamaica: First 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 First Review Under the Extended Arrangement Under the Extended Fund Facility (EFF) and Request for Modification of Performance Criteria. All end-June quantitative conditions and all structural benchmarks were met. The 2013/14 budget is in line with the program. Economic developments remain in line with program assumptions and the macroeconomic outlook and financing scenario remain broadly unchanged from the program approval. The authorities have committed to press ahead with the next round of reforms. Based on the performance to date and the authorities’ updated policy intentions, the IMF staff recommends completion of the first review under the EFF.

Suggested Citation

  • International Monetary Fund, 2013. "Jamaica: First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria," IMF Staff Country Reports 2013/304, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/304
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40975
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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. 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.
    4. Scott Urban, 2014. "Policy Options for the Euro: Heterodoxy Ahead," Journal of Common Market Studies, Wiley Blackwell, vol. 52(4), pages 742-757, July.
    5. 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).

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