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 programme conditions for the IMF PSBA as at end-June 2017*.
The second review mission by the International Monetary Fund (IMF) of the PSBA was conducted over the period September 5-15, 2017. As previously reported by EPOC, based on the preliminary results for performance to date through the end of June 2017, the GOJ has met the targets for the quantitative performance criteria (QPCs) and indicative targets (ITs) for the IMF PSBA as at end-June 2017. The second review under the PSBA was successfully completed by the Executive Board of the IMF on October 23, 2017.
Most recent results: The EPOC met on October 20, 2017, and reviewed the latest available results. Jamaica has met all structural benchmarks under the programme through end-September 2017. Based on the preliminary results for performance through to August 2017, the GOJ is on track to meet the indicative targets for the QPCs and ITs for the IMF PSBA for end-September 2017.
* Based on the results for performance to date through the end of June 2017.