IMF Team to Visit Jamaica Tomorrow

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A team from the International Monetary Fund, IMF, is set arrive in the island tomorrow, 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 from August 13 to 22.

On Wednesday, the IMF Team, led by Jan Kees Martijn, is scheduled to meet with Finance Minister Dr. Peter Philips and senior Ministry officials.

The objective of the Mission is to determine whether Jamaica met all quantitative targets and structural benchmarks under the programme for the April to June quarter.

Dr. Phillips, has already indicated to the House of Representatives in July that based on the Government’s assessment, all the criteria for the June quarter were met and he expects a positive outcome from the assessment.

After passing the fourth IMF test in June, Jamaica received an additional 71-million US dollars, bringing total disbursements to just over 414-million US dollars.