IMF Update: Press Release Executive Board Concludes 4th Review & Gives JA US$70.9 Million

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An International Monetary Fund (IMF) mission visited Jamaica during May 5-16, 2014 to conduct discussions on the Article IV Consultation and fourth review of Jamaica’s IMF-supported program under the Extended Fund Facility (EFF). The mission met with the Prime Minister, Hon. Portia Simpson-Miller, the Minister of Finance and Planning, Hon. Peter Phillips, Bank of Jamaica Governor Brian Wynter, Financial Secretary Devon Rowe, senior government officials, as well as representatives of the private sector and civil society.  Read more on the visit  here.

Today, June 20, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation and fourth review through the Extended Arrangement under the Extended Fund Facility (EFF) with Jamaica. The completion of the review enables the disbursement of an amount equivalent to SDR 45.95 million (about US$70.9 million) bringing the total disbursements under the arrangement to SDR 268.59 million (about US$414.4 million).

Read the full statement of the press release here