Bank of Jamaica should ‘modernise’ regulatory framework – IMF
Fund’s recommendations follow completion of country’s second consecutive support programme
The Bank of Jamaica must “modernise” its regulatory environment in order to improve its monetary policy transmission, the International Monetary Fund says in a recent report.
The IMF recommends introducing a monthly averaging of reserve requirements and replacing the liquid asset ratio requirement with the liquidity coverage ratio.
The central bank and government should also continue to develop domestic debt markets, it says. This can be achieved by meeting the demand for liquidity, improving
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