Sun | Apr 30, 2017

IMF team expected on island today

Published:Wednesday | August 13, 2014 | 8:45 AM

A team from the International Monetary Fund (IMF), is expected on the island today to conduct the fifth review of Jamaica’s performance under the Extended Fund Facility.



The Mission will be in the country until August 22.



During this period, the IMF team will determine if Jamaica met all quantitative targets and structural benchmarks under the programme, for the April to June quarter.



Finance Minister, Dr Peter Phillips, has already indicated that based on the Government’s assessment, all the criteria for the June quarter were met.



After passing the fourth IMF test in June, Jamaica received US$70.9 million, bringing total disbursements to $414.4 million.



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