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Jamaica: Request for Stand By Arrangement and Cancellation of the Current Extended Arrangement Under the Extended Fund Facility--Staff Report

Summary: Jamaica’s current 4-year Extended Arrangement under the Extended Fund Facility (EFF) expires in April 2017. A commendable track record of program ownership and implementation has resulted in significant strides in restoring macroeconomic stability, reducing public debt, and addressing a multitude of structural issues. Still, growth has fallen short of expectations, poverty and unemployment remain high, and crime and security are increasingly binding impediments to growth and prosperity.

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