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 June 16, 2017, and reviewed the latest available results. Jamaica has met all structural benchmarks under the programme through end-May 2017. All of these measures have been provisionally met at end-April 2017.
*Based on the preliminary results for performance to date through the end of March 2017