Jamaica; Selected Issues
This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaica’s debt management strategy and its optimal debt structure. It also reviews the institutional framework for debt management in Jamaica, and presents a newly constructed dataset that documents Jamaica’s notable market access to long-maturity, fixed interest rate, and domestic currency bond placements.
Year of publication: |
2006-05-01
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Selected issues | Economic growth | Public debt | Markets | Gross domestic product | Bonds | external debt | gdp growth | total factor productivity | debt overhang | debt threshold | debt service | real gdp | debt management | debt burden | growth rates | domestic debt | fixed capital formation | debt management strategy | capital formation | growth accounting | low debt | indebted countries | repayment ability | debt relief | debt stock | domestic public debt | growth rate | gdp per capita | debt structure | central bank | gdp growth rate | domestic currency | public sector debt | external debt burden | public enterprise debt | institutional framework for debt management | debt stock variable | debt stocks | debt term | highly indebted countries | government debt | external shocks | national income | debt sustainability |
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