IMF Country Report No. 16/350

IMF Country Report No. 16/350

In the context of the Request for Stand-By Arrangement and Cancellation of the Current Extended Arrangement Under the Extended Fund Facility, the following documents have been released and are included in this package: - A Press Release including a statement by the Chair of the Executive Board. - The Staff Report prepared by a staff team of the IMF for the Executive Board’s consideration on November 11, 2016, following discussions that ended on October 13, 2016, with the officials of Jamaica on economic developments and policies underpinning the IMF arrangement under the Stand-By Arrangement. Based on information available at the time of these discussions, the staff report was completed on October 25, 2016.

The Executive Board of the International Monetary Fund (IMF) today approved a three year Stand-By Arrangement (SBA) for Jamaica to support the authorities’ continued economic reform agenda. Access under the SBA arrangement amounts to about US$ 1,64 billion (SDR 1,195.3 million), the equivalent of 312 percent of Jamaica’s quota in the IMF…. (Read More)