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

Posted by epocjamaica | Dec 17, 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 programme conditions for the IMF PSBA as at end-June 2017*.

Most recent results: The EPOC met on December 11, 2017, and reviewed the latest available results. Based on preliminary results for performance at end-October 2017, Jamaica is on track to meet the December 2017 quantitative and indicative targets under the PSBA.

* Based on the results for performance to date through the end of June 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.