April 2018: Update on 3-year IMF Precautionary Stand-by Arrangement (PSBA)

Posted by epocjamaica | May 4, 2018 | 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 Executive Board of the International Monetary Fund completed the 2018 Article IV Consultation and the third review of Jamaica’s performance under the programme supported by the precautionary Stand-By Arrangement (SBA), on April 10, 2018, following the third review mission which took place from February 26-March 9, 2018.

Based on the preliminary results for performance to date through the end of December 2017, Jamaica has met the targets for the quantitative performance criteria (QPCs) and indicative targets (ITs) for the IMF SBA as at end-December 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.