The country has passed the 6th and final review under the Precautionary Standby Arrangement (PSBA) with the International Monetary fund (IMF). An IMF staff team led by mission chief Uma Ramakrishnan visited Kingston from September 9–19, to conduct the discussions as the country prepares to exit financial relations with the fund. Consideration by the IMF’s Executive Board of the review is tentatively scheduled for November 2019 and upon approval, an additional 220 million US dollars will be made available to the country, bringing the total accessible credit, if needed, to about 1.63 billion US dollars. The SBA will expire on November 8 but officials are already celebrating the country’s successful completion of the programme.
Presented by:
Anthony Morgan
