October 2019: UPDATE ON 3-YEAR IMF PRECAUTIONARY STAND-BY ARRANGEMENT (PSBA)

Posted by epocjamaica | Nov 11, 2019 | communiques | 0

The EPOC met on November 1, 2019 and reviewed the latest available results for the period ending August 2019.

Based on the preliminary results for performance to date through the end of August 2019, Jamaica is on track to meet the indicative targets for end-September 2019, with the exception of the inflation target. The sixth and final review under the SBA was completed at the meeting of the Executive Board of the IMF held on November 4, 2019, and the SBA will expire on Sunday, November 10, 2019.

EPOC-Communique-29

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epocjamaica

The Economic Programme Oversight Committee (EPOC) was established in 2013 to monitor the implementation of Jamaica’s economic reform measures under its agreement with the International Monetary Fund (IMF). The committee comprises 11 persons from the private and public sectors, and civil society. They receive and assess information from the Government of Jamaica (GOJ) to track the progress of the targets under the three-year Precautionary Stand-By Arrangement (PSBA) which was signed in 2016. Visit: https://epocjamaica.com/about to learn more.