Jamaica may access some USD93.9 million under a standby arrangement with the International Monetary Fund. The disbursement of the money has been approved by the fund’s board of directors following the completion of the first-quarter assessment of Jamaica’s performance under the arrangement.
“Jamaica has performed very well under the programme,” IMF said in a statement. “All quantitative performance targets and structural benchmarks for end-March were met and prospects for meeting the end-June targets and benchmarks appear favourable.”
Some USD704.6 million has so far been released under the standby arrangement, The Gleaner reports.