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.
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.