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

Posted by epocjamaica | Mar 17, 2017 | communiques | 0

The EPOC met on March 14, 2017, and reviewed available results as at January 2017. Based on performance at end-January 2017: Jamaica is on target to meet monitored quantitative performance criteria and indicative targets under the new Precautionary Stand-By Arrangement (PSBA) with the Government of Jamaica (GOJ), which was approved by the Executive Board of the International Monetary Fund (IMF) on November 11, 2016. This follows an IMF review conducted February 20 to March 3, 2017, for the performance to end December 2016. The IMF mission noted that PSBA is off to a strong start with programme conditions through December met.

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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.