Co-chair of the Economic Programme Oversight Committee, Keith Duncan, provides an update on economic targets under the three-year IMF Precautionary Stand-by Arrangement yesterday.(Collin Reid)

Co-chair of the Economic Programme Oversight Committee (EPOC) Keith Duncan says the Government of Jamaica is on track to meet financial sector-related structural benchmarks for the January to March 2017 quarter.

Later this month, under the three-year Precautionary Stand-by Arrangement with the International Monetary Fund, the Government plans to issue for public comment a consultation paper on a resolution framework for financial institutions in the event of a crisis. It also hopes to establish a financial inclusion council by March.

“In the event of a crisis that may occur in the financial services, it’s almost like a living will: How would financial institutions be managed to ensure that at the end of the crisis the depositor, investor is not at risk?” Duncan told media representatives at the Jamaica Money Market Brokers head office on Haughton Avenue in New Kingston yesterday.

http://www.jamaicaobserver.com/business/Economy-on-track—EPOC_89074