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 has met the programme conditions for the IMF PSBA as at end-June 2017*.
The EPOC met on September 5, 2017, and reviewed the latest available results. Jamaica has met all structural benchmarks under the programme through end-August 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 June 2017.