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Jamaica reports successful 5th IMF Staff Review

All seems set for Jamaica to formally get the nod of approval from the Board of the International Monetary Fund (IMF) for its performance, following the latest Staff Review. The fifth Staff Review of Jamaica&;s performance under the four-year Extended Fund Facility (EFF) was conducted from August 13-22. The mission met with government officials, technical staff and a number of stakeholders in the private sector and civil society. According to a release from the Ministry of Finance on Friday morning, the Fund staff concluded that, "despite challenges, Jamaica’s economic performance has been consistent with the programme and structural reforms are progressing. Fiscal performance continues to support the debt reduction objective, the external accounts are improving and economic growth is continuing, accompanied by steady growth in employment."