Jamaica passes IMF first quarter review
KINGSTON, Jamaica — The Executive Board of the International Monetary Fund (IMF) today approved the completion of Jamaica’s first quarter review under the Extended Fund Facility (EFF).
This approval has paved the way for a second draw down of US$30.6 million under the programme and support from other multilateral development partners, including the Inter-American Development Bank (IADB) and the World Bank.
A release from the Ministry of Finance today said “Jamaica remains on track to meet all the quantitative targets for the quarter ending September 30, 2013 and we expect that it will successfully complete the second review under the EFF which is expected to go to the IMF Executive Board for approval before the end of December 2013”.
The Minister of Finance and Planning, Dr Peter Phillips, will make a statement to Parliament tomorrow October 1.
