01945cas a2200241 a 4500 AALejournalIMF017228 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475553369 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Jamaica : Request for Stand By Arrangement and Cancellation of the Current Extended Arrangement Under the Extended Fund Facility-Press Release and Staff Report. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (84 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Jamaica's Request for Stand By Arrangement (SBA) and Cancellation of the Current Extended Arrangement Under the Extended Fund Facility (EFF). Fiscal discipline and proactive debt management have helped reduce public debt by more than 25 percent of GDP since the start of the extended arrangement under the EFF. Macroeconomic stability is becoming entrenched as evidenced by low inflation, the buildup of foreign currency reserves, and a decline in the current account deficit. Important reforms are also being undertaken to unlock Jamaica's growth potential. In view of the country's recent track record and authorities' commitment to reforms and maintaining an open dialog with the IMF, the IMF staff supports the request for the precautionary SBA. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/350 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/350/002.2016.issue-350-en.xml IMF e-Library