The EPOC met on February 7, 2017, and reviewed available results as at December 2016. Based on performance at end-December 2016, Jamaica has met, or is on track to meet, all 12 quantitative performance criteria and indicative targets under the new Precautionary Stand-By Arrangement (PSBA) with the Government of Jamaica (GOF), which was approved by the Executive Board of the International Monetary Fund (IMF) on November 11, 2016. The financial year to date at December 2016 represents the first IMF semi-annual review period under the PSBA.