Sep 2014 Financial News

Jamaica passes 5th IMF test, to get $US68.8 under agreement

Sep 24, 2014

KINGSTON, Jamaica – Jamaica can now access roughly US$68.8 million in loan following a successful review of the economy by the Executive Board of the International Monetary Fund (IMF).

The IMF on Wednesday completed the fifth review of Jamaica’s economic performance under the Extended Fund Facility (EFF).

The announcement was made in a release to the media this afternoon from the Finance Ministry.

“Jamaica’s economic performance under the authorities’ economic programme supported by the EFF has remained strong,” the ministry release said.

“All quantitative performance criteria for end-June 2014, as well as the continuous quantitative programme targets and structural benchmarks, were met,” it continued.

Source:
Jamaica Observer
Wednesday September 24, 2014

http://www.jamaicaobserver.com/business/Jamaica-passes-5th-IMF-test--to-get--US68-8-under-agreement