This post is based on an email that was sent and in no way reflects the views and opinions of ''Met'' or To send in a story send your email to [email protected]


Jamaica has met all targets under the International Monetary Fund’s (IMF) Precautionary Stand-By Arrangement (PSBA) for the period ending December 2018.

This is according to Finance and Public Service Minister, Dr. Hon. Nigel Clarke, who indicated the Government’s concurrence with the IMF that Jamaica’s Economic Reform Programme remains strong, consequent on consistent policy implementation.

“The Government has met all 22 structural benchmarks under the Stand-By Arrangement to date, including eight macro-fiscal structural benchmarks and 14 structural benchmarks for the public sector reform programme,” Dr. Clarke informed.

He was speaking at the joint Government of Jamaica (GoJ)/IMF press conference for the 5th PSBA Review, at the Finance Ministry in Kingston on Friday (March 8).

Dr. Clarke assured that the Government remains fully committed to the reform agenda and is escalating efforts to increase domestic investment and growth, boost job creation, and bolster economic resilience while maintaining fiscal prudence.

“Public sector reform remains a key policy focus with emphasis [being] placed on the acceleration of public bodies and the reintegration of bodies in parent Ministries,” he added.

In her remarks, IMF Mission Chief for Jamaica, Dr. Uma Ramakrishnan, lauded the Government on its performance over the review period, noting that “strong implementation of the reform programme continues with the sustained commitment yielding tangible dividends for the people of Jamaica”.

She informed that the IMF Executive Board is scheduled to consider the 5th Review in April 2019.

The Board’s approval will enable the release of approximately US$223 million which will bring the total sum available to Jamaica to US$1.4 billion, if necessary.

Dr. Clarke pointed out that barring unforeseen circumstances, the Government will not need to draw down any of the funds available under PSBA, “which is good news for Jamaica”.

The 6th and final review of the Government’s performance under the three-year programme is slated for June 2019.


DISCLAIMER The views or opinions appearing on this blog are solely those of their respective authors. In no way do such posts represent the views, opinions or beliefs of "Met," or "Met" and will not assume liability for the opinions or statements, nor the accuracy of such statements, posted by users utilizing this blog to express themselves. Users are advised that false statements which are defamatory in nature may be subject to legal action, for which the user posting such statements will be personally liable for any damages or other liability, of any nature, arising out of the posting of such statements. Comments submitted to this blog may be edited to meet our format and space requirements. We also reserve the right to edit vulgar language and/or comments involving topics we may deem inappropriate for this web site. ****RULES**** 1. Debates and rebuttals are allowed but disrespectful curse-outs will prompt immediate BAN 2. Children are never to be discussed in a negative way 3. Personal information eg. workplace, status, home address are never to be posted in comments. 4. All are welcome but please exercise discretion when posting your comments , do not say anything about someone you wouldnt like to be said about you. 5. Do not deliberately LIE on someone here or send in any information based on your own personal vendetta. 6. If your picture was taken from a prior site eg. fimiyaad etc and posted on JMG, you cannot request its removal. 7. If you dont like this forum, please do not whine and wear us out, do yourself the favor of closing the screen- Thanks! . To send in a story send your email to :- [email protected]

Leave a Reply

[+] kaskus emoticons nartzco

Current day month [email protected] *