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

Posted by epocjamaica | Mar 10, 2017 | communiques | 0

The EPOC met on February 7, 2017, and reviewed available results as at December 2016. Based on performance at end-December 2016, Jamaica has met, or is on track to meet, all 12 quantitative performance criteria and indicative targets under the new Precautionary Stand-By Arrangement (PSBA) with the Government of Jamaica (GOF), which was approved by the Executive Board of the International Monetary Fund (IMF) on November 11, 2016. The financial year to date at December 2016 represents the first IMF semi-annual review period under the PSBA.

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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.