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

Posted by epocjamaica | Oct 7, 2019 | communiques | 0

The EPOC met on September 27, 2019 and reviewed the latest available results for the period ending June 2019.

The sixth and final review mission by the International Monetary Fund (IMF) under the current precautionary Stand-By Arrangement (SBA) was conducted over the period September 9–19, 2019. Based on the preliminary results for performance through the end of June 2019, the Government of Jamaica (GOJ) has met the targets for the quantitative performance criteria (QPCs) and indicative targets (ITs) for the IMF SBA as at end-June 2019.

The sixth review will be completed at the meeting of the IMF Executive Board tentatively scheduled for November 2019, and marks the successful conclusion of the SBA. As stated in the IMF press release issued at the end of the sixth review mission, the SBA will expire on November 8, 2019.

EPOC-Communique-28

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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.