Jamaica may have to request its first waiver under the current IMF programme after missing the 121 billion dollar primary surplus target set by the Fund.
That’s according to Co-Chairman of the Economic Programme Oversight Committee, EPOC, Richard Byles.
An IMF waiver is the voluntary decision by the multilateral to allow the continuation of a programme despite a country missing one or more agreed target.
Mr. Byles made the comment at this morning’s monthly EPOC media briefing.
He says although it’s likely the government met the 7-and-a-half percent target, the dollar amount set by the IMF was missed.