IMF team to arrive in Jamaica shortly for first review
Finance Minister, Audley Shaw, has indicated that a team from the International Monetary Fund (IMF) is to arrive in Jamaica in the next few days to conduct the first review under the three-year stand-by precautionary arrangement.
The US$1.64 billion agreement was approved by the IMF Executive Board last year November, replacing the four-year special extended fund facility that was scheduled to end in March.
Speaking at a forum in St Andrew today, Shaw said the economic growth momentum achieved under the extended fund facility has continued into the new programme.
According to him, Jamaica has met all it targets under the new programme.