Publication:
Jamaica: Financial Sector Assessment

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dc.contributor.authorWorld Bank
dc.date.accessioned2015-05-11T22:10:08Z
dc.date.available2015-05-11T22:10:08Z
dc.date.issued2015-04-01
dc.description.abstractJamaica has experienced 30 years of low economic growth and high fiscal deficits, with a significant impact on the development of the financial sector. As part of the overall growth and competitiveness reform agenda, the authorities have embarked on ambitious financial sector legislation reforms to address weaknesses. Lack of access to credit and equity constrain Micro, Small and Medium Sized Enterprise (MSME) operations and growth, and ultimately their contribution to the economy. High interest rates and low penetration of credit to households and MSMEs can be explained by high credit risk as a result of high information asymmetries in the market, as well as limited competition in the banking sector. The authorities should complete the establishment of a regulatory and supervisory framework for deposit-taking institutions proportionate to the risks and the activities they undertake. The impact of public policies has been limited and programs on housing, MSME finance, and agriculture finance would be welcomed to address market gaps, in support of financial inclusion. The financial inclusion agenda also requires a comprehensive strategy on consumer protection regulation and supervision.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/05/24458895/jamaica-financial-sector-assessment
dc.identifier.doi10.1596/21870
dc.identifier.urihttps://hdl.handle.net/10986/21870
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFINANCIAL SERVICES
dc.subjectBORROWER
dc.subjectFINANCIAL FRAUD
dc.subjectECONOMIC GROWTH
dc.subjectWAREHOUSE
dc.subjectDEPOSITS
dc.subjectREPAYMENT CAPACITY
dc.subjectPAYMENT SERVICE
dc.subjectBENEFITS OF CREDIT
dc.subjectFINANCING
dc.subjectALTERNATIVE SOURCES OF FINANCE
dc.subjectINTEREST
dc.subjectLIQUIDITY RISKS
dc.subjectREMITTANCE
dc.subjectWAREHOUSE RECEIPTS
dc.subjectBANKING SERVICES
dc.subjectENTREPRENEURS
dc.subjectCAPITAL ADEQUACY
dc.subjectINFORMATION SHARING
dc.subjectCAPACITY BUILDING
dc.subjectLOAN
dc.subjectFEE
dc.subjectBORROWERS
dc.subjectPAYMENTS
dc.subjectBANKRUPTCY
dc.subjectPAYMENTS INFRASTRUCTURE
dc.subjectINFORMATION ASYMMETRIES
dc.subjectMFIS
dc.subjectSMALL FARMERS
dc.subjectHOUSING LOANS
dc.subjectINDEBTEDNESS
dc.subjectHOUSING FINANCE
dc.subjectFINANCIAL INSTITUTION
dc.subjectINFORMAL ECONOMY
dc.subjectHIGH INTEREST RATES
dc.subjectCOMMERCIAL BANK
dc.subjectMORAL HAZARD
dc.subjectPARTIAL CREDIT
dc.subjectLOAN PRODUCTS
dc.subjectFINANCES
dc.subjectPHONE PENETRATION
dc.subjectCREDIT RISKS
dc.subjectCREDIT APPLICATIONS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectPAYMENT
dc.subjectDEBT
dc.subjectLIMITED PARTNERSHIPS
dc.subjectWAREHOUSE RECEIPT
dc.subjectDEPOSIT INSURANCE
dc.subjectPUBLIC FINANCE
dc.subjectCONSUMER FINANCE
dc.subjectVENTURE CAPITAL
dc.subjectECONOMIC REFORMS
dc.subjectFARMERS
dc.subjectENTERPRISES
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectELECTRONIC PAYMENTS
dc.subjectAPPROVAL PROCESS
dc.subjectPEOPLES
dc.subjectPENSION FUNDS
dc.subjectFINANCING COSTS
dc.subjectCONSUMER CONFIDENCE
dc.subjectBANKS
dc.subjectUNIONS
dc.subjectFORMAL FINANCIAL INSTITUTION
dc.subjectRURAL FINANCE
dc.subjectMOVABLE COLLATERAL
dc.subjectBUSINESS FINANCE
dc.subjectAFFORDABILITY
dc.subjectCAPITAL
dc.subjectLACK OF ACCESS
dc.subjectACCESS TO FINANCE
dc.subjectPRIVATE LENDERS
dc.subjectBANK
dc.subjectFINANCIAL EDUCATION
dc.subjectCREDIT INFORMATION
dc.subjectLOAN PORTFOLIO
dc.subjectCREDIT GUARANTEE
dc.subjectSECURITIES
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectCREDIT RISK
dc.subjectPROFITABILITY
dc.subjectGOVERNMENT POLICIES
dc.subjectMICROFINANCE
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectBANK LOAN
dc.subjectEMPLOYER
dc.subjectCREDIT GUARANTEES
dc.subjectCOMMERCIAL BANKS
dc.subjectHOUSEHOLDS
dc.subjectELECTRONIC PAYMENT
dc.subjectMORTGAGE LOANS
dc.subjectFINANCIAL ASSETS
dc.subjectEMPLOYEE
dc.subjectFINANCIAL SUPPORT
dc.subjectMORTGAGE PRODUCTS
dc.subjectCREDIT REPORTS
dc.subjectCONSUMER EDUCATION
dc.subjectFEES
dc.subjectREMITTANCES
dc.subjectBANK SERVICE
dc.subjectCOOPERATIVE
dc.subjectCREDIT LINES
dc.subjectDEVELOPMENT BANK
dc.subjectCREDIT REGISTRY
dc.subjectMFI
dc.subjectMICROFINANCE INSTITUTION
dc.subjectCREDIT PRODUCTS
dc.subjectLINE OF CREDIT
dc.subjectDEPOSIT
dc.subjectCAPITAL MARKETS
dc.subjectRECEIPT
dc.subjectPEOPLE
dc.subjectCREDIT ENHANCEMENT
dc.subjectFISCAL DEFICITS
dc.subjectFINANCIAL LITERACY
dc.subjectGUARANTEES
dc.subjectDEVELOPMENT OF VENTURE CAPITAL
dc.subjectSTOCK MARKET
dc.subjectRESERVE REQUIREMENTS
dc.subjectBANK ACCOUNT
dc.subjectMORTGAGE
dc.subjectWELFARE
dc.subjectMORTGAGE LENDING
dc.subjectLENDING PORTFOLIO
dc.subjectLIMITED ACCESS TO FINANCE
dc.subjectSOURCES OF FINANCE
dc.subjectSUBSIDY
dc.subjectBUSINESS ASSOCIATIONS
dc.subjectSAVING
dc.subjectCREDITORS
dc.subjectCREDITOR
dc.subjectCREDIT BANK
dc.subjectPROVISION OF CREDIT
dc.subjectBANK COMPETITION
dc.subjectCONSUMER FINANCES
dc.subjectELECTRONIC BANKING
dc.subjectBANK LENDING
dc.subjectPUBLIC CREDIT
dc.subjectLACK OF CREDIT
dc.subjectBUSINESS LOANS
dc.subjectMORTGAGES
dc.subjectSAVINGS
dc.subjectCREDIT UNIONS
dc.subjectCREDIT BUREAUS
dc.subjectUNION
dc.subjectPUBLIC FUNDS
dc.subjectUNFAIR BUSINESS PRACTICES
dc.subjectINTEREST RATES
dc.subjectCASH PAYMENT
dc.subjectLIMITED ACCESS
dc.subjectRECEIPTS
dc.subjectFINANCIAL PRODUCTS
dc.subjectLENDERS
dc.subjectMICRO-ENTREPRENEURS
dc.subjectSOCIAL SECURITY
dc.subjectLOANS
dc.subjectWAREHOUSE RECEIPT FINANCING
dc.subjectFINANCIAL SYSTEM
dc.subjectSMALL BORROWERS
dc.subjectREAL ESTATE
dc.subjectFINANCE
dc.subjectADMINISTRATIVE COSTS
dc.subjectGOVERNMENT SECURITIES
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectMICRO-CREDIT
dc.subjectEQUITY
dc.subjectPOINT OF SALE
dc.subjectMONEY LENDING
dc.subjectCREDIT
dc.subjectFORMAL FINANCIAL SERVICES
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectDOCUMENTATION REQUIREMENTS
dc.subjectREPAYMENT
dc.subjectENTERPRISE
dc.subjectMINIMUM BALANCES
dc.subjectPROPERTY
dc.subjectPAYMENT INFRASTRUCTURE
dc.subjectCREDIT REPORTING
dc.subjectMORTGAGE INSURANCE
dc.subjectVOUCHERS
dc.subjectFINANCIAL ACCESS
dc.subjectBALANCE SHEET
dc.subjectGUARANTEE SCHEME
dc.subjectFINANCIAL SERVICE
dc.subjectCREDIT UNION
dc.subjectCOOPERATIVE BANK
dc.subjectACCESS TO CREDIT
dc.subjectSECURITY
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectBANK LOANS
dc.subjectFINANCIAL MARKET
dc.subjectINVESTMENT
dc.subjectCOLLATERAL
dc.subjectPAYMENT SERVICES
dc.subjectBORROWINGS
dc.subjectCOOPERATION
dc.subjectECONOMIC ACTIVITIES
dc.subjectINVESTMENTS
dc.subjectAGRICULTURAL FINANCE
dc.subjectRISK MANAGEMENT
dc.subjectDEBIT CARD
dc.subjectMERCHANT
dc.subjectUNFAIR COMPETITION
dc.subjectEXCHANGE RATE
dc.subjectOUTREACH
dc.subjectBANK BRANCHES
dc.subjectMORTGAGE MARKET
dc.subjectSMALL BUSINESSES
dc.subjectGUARANTEE
dc.subjectCONSUMER PROTECTION
dc.subjectBUSINESS TRAINING
dc.titleJamaicaen
dc.title.subtitleFinancial Sector Assessmenten
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2015-05-11
okr.date.doiregistration2025-05-07T12:24:02.249658Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.docurlhttp://documents.worldbank.org/curated/en/2015/05/24458895/jamaica-financial-sector-assessment
okr.globalpracticeFinance and Markets
okr.guid731821468000925712
okr.identifier.externaldocumentum090224b082e56ca6_1_0
okr.identifier.internaldocumentum24458895
okr.identifier.report96310
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/05/08/090224b082e56ca6/1_0/Rendered/PDF/Jamaica000Financial0sector0assessment0.pdfen
okr.region.countryJamaica
okr.sectorFinance
okr.themeInternational financial standards and systems
okr.themeFinancial and private sector development
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks Banking Reform
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.unitFinance Markets - GP - IBRD (GFMDR)
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