CHALLENGING PATH TO ECONOMIC RECOVERY
The EPOC met on September 11, 2020 to review the macro fiscal programme of the Government of Jamaica (GOJ) for the fiscal year 2020/21 and over the medium term. EPOC looked in depth at the fiscal and monetary assumptions and actions which underpin Jamaica’s recovery path.
Based on the preliminary performance results, the GOJ is on track to meet the Quantitative Performance Targets for GOJ ERP for end-June 2020, with the exception of the inflation target. However, the implementation of a majority of the Priority Actions for the GOJ ERP has been delayed relative to the timelines established in November 2019, due in large part to the impact of the COVID-19 pandemic.