The International Monetary Fund, IMF this afternoon disclosed that the Government has achieved all its budgeted tax revenue targets for the first time since the recession just under a decade ago.
The disclosure came as the IMF confirmed that the country has passed its 11th and 12th test under the extended fund facility agreement
Addressing the media conference this afternoon – IMF mission chief Dr. Uma Ramakrishnan says all quantitative performance targets have been met.
Dr. Ramakrishnan struck an upbeat tone and said the IMF programme is on track.
Dr. Ramakrishnan said the key indicators for a turn around in the country’s economy are moving in the right direction.
The IMF team departed Jamaica today and is expected to present its findings to the Board of the Washington based multilateral next month.
Dr. Ramakrishnan says 80-million US dollars will be made available to Jamaica in a few weeks time.