IMF completes final review of Jamaica's performance under Stand-by Arrangement

The Executive Board of the International Monetary Fund (IMF) has completed its final review of Jamaica's performance under the Stand-By Arrangement.

Deputy Managing Director of the IMF Tao Zhang noted that the Jamaican authorities have demonstrated an exemplary commitment to reforms under two consecutive IMF?supported programs.

But he stressed that the next steps should include enhanced group?wide supervision of financial conglomerates, improving data and analytics.

He also highlighted a need for better coordination among financial regulators, an improved legislative framework for the resolution of  financial intermediaries, and further strengthening of the Anti-Money Laundering framework.

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