EPOC Co-Chair says Jamaica Will be Good After IMF

• Economic Programme Oversight Committee (EPOC) Co-Chair, Keith Duncan, believes Jamaica is and will be in good stead to manage its affairs after the borrowing relationship with the International Monetary Fund (IMF) concludes later this year. He was addressing journalists during EPOC’s media briefing New Kingston on Tuesday, February 26.

 

• Duncan noted that Jamaica will have sufficient net international reserves, debt levels will be down, tax revenues are buoyant, and the country will continue to run primary surpluses, so that debt to gross domestic product [GDP] ratio can be reduced to 60 percent in fiscal year 2025/26.

 

• Jamaica’s fiscal performance remains positive and the economic programme is poised for success, based on the outcomes of select quantitative performance criteria and indicative targets under the IMF Precautionary Stand-By Arrangement (PSBA) for the first nine months of the 2018/19 fiscal year.

 

(Source: Jamaica Information Service)