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- Jamaica case study in 2021
- How much does jamaica rely on tourism
- Tourism in jamaica geography
- Ecotourism in jamaica case study
- Tourism in jamaica geography bbc bitesize
- Nigeria case study
- Tourism in jamaica case study
- Jamaica tourism case study gcse
Jamaica case study in 2021
How much does jamaica rely on tourism
Tourism in jamaica geography
Ecotourism in jamaica case study
Tourism in jamaica geography bbc bitesize
Nigeria case study
Tourism in jamaica case study
Jamaica tourism case study gcse
How did the IMF help the Jamaican government?
The tax reforms supported by technical assistance from both the IMF and the Inter-American Development Bank—which helped with administration and the switch from direct to indirect taxes—generated significant dividends during the period. This allowed for some net tax cuts in the most recent budget—a first within Jamaica’s living memory.
Why did Jamaica need a second debt exchange?
Jamaica needed a second debt exchange and a primary surplus of 7.5 percent of GDP to help stabilize the economy and address long-standing structural challenges. The public said, “Enough is enough.”
What kind of fiscal discipline does Jamaica have?
Fiscal and external sustainability have been restored. Jamaica has achieved a level of unprecedented fiscal discipline—across two governments from opposing parties—delivering a primary surplus in excess of 7 percent of GDP for six consecutive years. Public debt is down to below 100 percent of GDP for the first time since 2000/01.
How big is the public debt in Jamaica?
By 2013, Jamaica’s public debt had reached a historic high of about 147 percent of GDP, making it one of the most indebted countries in the world. After a debt exchange in 2010 and yet another IMF-supported program that went off track, in 2011, the country was on the verge of an economic meltdown, with no access to international capital markets.
Last Update: Oct 2021
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