Jamaica passes 4th quarterly IMF test

Jamaica has passed its fourth quarterly IMF, test, under the current agreement for an Extended Fund Facility with the multi-lateral lending agency.

The announcement was made on Friday morning at a press conference, attended by a team from the Fund, led by Mission Chief  Jan Kees Martijn.

A recommendation will now go to the Executive Board of  the IMF for approval for the disbursement of  US$96 million to Jamaica. The submission will be made next month.

Last week, Alejandro Warner, IMF Western Hemisphere Director, commended the Government of Jamaica for maintaining political support and civility in the implementation of  the Extended Fund Facility. He said this was admirable, in light of the complexities of  the programme and the social challenges that the country faces.

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