KINGSTON, Jamaica, Feb 15, CMC – The International Monetary Fund (IMF) Friday said it had reached a “staff-level agreement” with Jamaica on the key elements of an economic programme that can be supported by US$750 million four year arrangement under the Extended Fund Facility (EFF).
“We have agreed on understandings that are reflected in the authorities’ economic programme, as stated in the Letter of Intent that will be reviewed by IMF management and finalized before the agreement is approved.
“Staff envisages that the IMF’s Executive Board would consider the proposed arrangement under the EFF by the end of March, subject to the timely completion of prior actions to be taken by the Jamaican government and obtaining necessary financing assurances,” said Jan Kees Martijn, Head of the IMF mission to Jamaica.
