July 2017: Update on 3-year IMF Precautionary Stand-by Arrangement (PSBA)

Posted by epocjamaica | Jul 21, 2017 | communiques | 0

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 July 17, 2017, and reviewed the latest available results. Jamaica has met all structural benchmarks under the programme through end-June 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 March 2017.

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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.