EPOC Co-Chair Targeting 100% Debt-to-GDP Ratio in 3yrs

Over the next three years, Jamaica should reduce its debt to GDP ratio to about 100-percent.

That’s one of the targets under the new precautionary Standby Arrangement with the International Monetary Fund, IMF.

Newly-appointed Co-Chair of the Economic Programme Oversight Committee, EPOC, Keith Duncan, says this will require the country to continue on a path of fiscal responsibility.

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On Monday, Prime Minister Andrew Holness announced that the new arrangement with the IMF will be monitored by three groups.

These are EPOC, the Public Sector Transformation Oversight Committee, P-STOC and the Economic Growth Council.

Mr. Duncan says he’ll ensure coordination among all three Committees.

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