The International Monetary Fund says the Extended Fund Facility programme with Jamaica is facing several risks including uncertainty surrounding the calling of a General Election.

The disclosure was made in the Washington-based multilateral’s latest country report on Jamaica.

The IMF says maintaining social consensus for the government’s reform agenda, is one of the risks facing the programme.

According to the IMF, maintaining desired social consensus hinges on achieving faster growth, greater job creation and steadily improving living standards.

The IMF says fiscal sustainability remains vulnerable to revenue weakness and overruns in the wage bill.

The Fund says a disorderly unfreezing of the government bond market could result in an upward shift in the yield curve and could affect financial sector stability.

In concluding the IMF says election-related uncertainty could also create market volatility and slow the reform momentum.

–30–