Jamaica is on course for a ninth drawdown of funds from the International Monetary Fund (IMF).

This is based on the country’s positive performance for the first quarter of the fiscal year under the Extended Fund Facility (EFF), despite the effects of severe drought.

Head of the IMF Mission to Jamaica, Dr. Uma Ramakrishnan, said the country has met all the quantitative targets under the four-year EFF for the April to June quarter.

As a result, the country is expected to receive an additional US$40 million under the EFF, when the IMF board reviews the programme in September.



Please enter your comment!
Please enter your name here