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IMF team arrives today

Wednesday, August 13, 2014    

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

The IMF mission to Jamaica is scheduled to be in the island until August 22. During that time, they will determine if Jamaica met all quantitative targets and structural benchmarks under the programme for the April to June quarter.

Finance Minister Peter Phillips told the House of Representatives in July 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 US$414.4 million.

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