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 GOJ met the indicative programme conditions for the IMF SBA as at end-March 2017*.
The EPOC met on July 17, 2017, and reviewed the latest available results. Jamaica has met all structural benchmarks under the programme through end-June 2017. Based on the preliminary results for performance to date, the GOJ is on track to meet the targets for the QPCs and ITs for the IMF PSBA for end-June 2017.
* Based on the results for performance to date through the end of March 2017.