Above: Kingston (CJ Photo)
By the Caribbean Journal staff
A team from the International Monetary Fund was set to begin a visit to Jamaica on Wednesday to conduct the fifth review of Jamaica’s performance under the Extended Fund Facility.”
The mission will be in the country until Aug. 22, according to a government statement.
“During that time, they will determine if Jamaica met all quantitative targets and structural benchmarks under the programme, for the April to June quarter,” the government said.
The visit comes just a little less than two months after IMF Managing Director Christine Lagarde visited Jamaica.
Lagarde said at the time that Jamaica’s economic outlook was “improving.”
According to new data from the United Nations Economic Commission for Latin America and the Caribbean, the country’s economy is projected to grow by 1.2 percent, the second-lowest rate in the Caribbean region after Barbados.