EPOC Communiques
Click below to view, in detail, all published EPOC Communiques.March 2023: Update on the GOJ Economic Reform Programme (ERP)
The EPOC met on February 24, 2023 to review the Fiscal and Monetary Quantitative Performance indicators under the Government of Jamaica’s Economic Reform Programme. The following were key highlights noted by EPOC: Inflation rate continues to trend downwards, ending...
October 2022: Update on the GOJ Economic Reform Programme (ERP)
Jamaica’s economy continues to show signs of strong recovery; however, risks to a sustained growth path are elevated The EPOC met on October 7, 2022 to review the Fiscal and Monetary Quantitative Performance indicators under the Government of Jamaica’s Economic Reform...
July 2022: Update on the GOJ Economic Reform Programme (ERP)
The EPOC met on July 8, 2022 to review the Fiscal and Monetary Quantitative Performance indicators under the Governmentof Jamaica’s Economic Reform Programme. The following were key highlights noted by EPOC: The BOJ’s...
MARCH 2022: Update on the GOJ Economic Reform Programme (ERP)
As the Russia-Ukraine war persists, supply chain disruptions, increasing commodity and energy prices, protracted inflation and higher interest rates are real risks to Jamaica’s economic recovery.
December 2021: Update on the GOJ Economic Reform Programme (ERP)
The EPOC met on December 3, 2021 to review the macro fiscal programme of the Government of Jamaica (GOJ) and the monetary performance of the Bank of Jamaica (BOJ) for the fiscal year 2021/22. The following were key highlights noted by EPOC: Inflationary expectations...
September 2021: Update on the GOJ Economic Reform Programme (ERP)
The EPOC met on September 17, 2021 to review the macro fiscal programme of the Government of Jamaica (GOJ) and the mon-etary performance of the Bank of Jamaica (BOJ) for the fiscal year 2021/22.[pdf-embedder...
May 2021: Update on the GOJ Economic Reform Programme (ERP)
The EPOC met on May 7, 2021 to review the macro fiscal programme of the Government of Jamaica (GOJ) and the monetary performance of the Bank of Jamaica (BOJ) for the fiscal year 2020/21, and to highlight key projections for FY2021/22. The following were key highlights...
February 2021: Update on the GOJ Economic Reform Programme (ERP)
As COVID-19 cases spike, risks to economic recovery remain high The EPOC met on February 5, 2021 to review the macro fiscal programme of the Government of Jamaica (GOJ) and the monetary performance of the Bank of Jamaica (BOJ) for the fiscal year 2020/21. The...
December 2020: Update on the GOJ Economic Reform Programme (ERP)
EPOC remains cautiously optimistic as Jamaica hits Fiscal targets and International Reserves remain strong The EPOC met on December 4, 2020 to review the macro fiscal programme of the Government of Jamaica (GOJ) for the fiscal year 2020/21. The following were key...
September 2020: Update on the GOJ Economic Reform Programme (ERP)
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.