EPOC Sets New Debt-to-GDP Target

Newly-appointed Co-Chair of the Economic Programme Oversight Committee, EPOC, Keith Duncan, says under the new IMF programme, Jamaica will be seeking to reduce its debt to GDP ratio to 96-percent over the next three years.

He says the country’s debt-to-GDP ratio now stands around 120-percent.

And, Mr. Duncan says the IMF will no longer conduct quarterly reviews under the new Standby arrangement with Jamaica.

Instead, there’ll be semi-annual reviews.