Thu | Sep 21, 2017

Jamaica remains on track with IMF programme - Mission Chief

Published:Saturday | May 21, 2016 | 5:05 AM
IMF Mission Chief, Dr Uma Ramakrishnan says all quantitative performance targets for the last quarter have been met, noting that tax revenues reached the budget target of $411 billion for the first time since the global financial crisis in 2007.

The International Monetary Fund's (IMF) Mission Chief, Dr Uma Ramakrishnan says Jamaica remains on track with its IMF programme.

She says all quantitative performance targets for the last quarter have been met, noting that tax revenues reached the budget target of $411 billion for the first time since the global financial crisis in 2007.

She said structural reforms are broadly on track despite some minor delays due to the February elections and government transition.

The mission team has reached a preliminary staff-level agreement with the authorities on a package of measures that aims to complete the combined 11th and 12th reviews.

Consideration by the IMF’s executive board is tentatively scheduled for June 2016.