November 2019: UPDATE ON 3-YEAR IMF PRECAUTIONARY STAND-BY ARRANGEMENT (PSBA)

Posted by epocjamaica | Dec 11, 2019 | communiques | 0

Most recent results

The EPOC met on November 29, 2019 and reviewed the performance of the economy for the period ended September 2019.

IMF Completes 6th and final review under the Standby Arrangement

The Executive Board of the IMF completed the sixth and final review of Jamaica’s performance under the programme supported by the Stand-By Arrangement (SBA), at the Executive Board meeting held on Monday, November 4, 2019. This follows the sixth IMF review mission under the precautionary SBA, which took place from September 9-20, 2019. The SBA expired on November 10, 2019.

IMF approved Quantitative Performance Targets and Jamaica Priority Actions for FY2019/20 and 2020/21.

EPOC-Communique-30

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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.