January 2018: Update on 3-year IMF Precautionary Stand-by Arrangement (PSBA)

Posted by epocjamaica | Feb 2, 2018 | communiques | 0

The new Precautionary Stand-By Arrangement (PSBA) with the Government of Jamaica (GOJ) was approved by the Executive Board of the International Monetary Fund (IMF) on November 11, 2016. The second review under the precautionary SBA was completed by the decision of the Executive Board of the IMF on October 23, 2017. Based on preliminary results for performance at end-September 2017, Jamaica has met the September 2017 indicative targets under the PSBA.

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epocjamaica

The Economic Programme Oversight Committee (EPOC) was established in 2013 to monitor the implementation of Jamaica’s economic reform measures under its agreement with the International Monetary Fund (IMF). The committee comprises 11 persons from the private and public sectors, and civil society. They receive and assess information from the Government of Jamaica (GOJ) to track the progress of the targets under the three-year Precautionary Stand-By Arrangement (PSBA) which was signed in 2016. Visit: https://epocjamaica.com/about to learn more.