 The Inter-American Development Bank (IDB) provided funding for a three-year program to implement and ensure compliance with these standards.The move brought Jamaica in line with European standards, but at first meant that companies filing their financial reports with the U.S. Securities and Exchange Commission (SEC) would have to reconcile their figures to Generally Accepted Accounting Practices (GAAP) and highlight the differences from IFRS.In June 2007 the SEC allowed companies to file using IFRS, removing the burden of reconciliation.