ECONOMIC PROGRAMME ON TRACK

• Growth in Net International Reserves (NIR) to over US$3.1 billion covering an estimated 22.6 weeks of goods and services import.
• Better than targeted Central Government Primary Surplus, at seven per cent of gross domestic product (GDP), amounting to over 48.6 billion.
• Second quarter fiscal year of 0.9 per cent.
• Further decline in the debt to 115 per cent of GDP, down from 120 per cent in 2016.
• Inflation of 4.7 per cent up to the end of October.

SUCCESSFUL REVIEWS

• Jamaica passed the IMF first two biannual reviews under the US$1.64 billion Precautionary Stand-by Arrangement. 
• Managing Director, IMF, Christine Largarde reaffirmed her personal endorsement of the ERP during her two-day working visit to Jamaica.