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IMF to visit Jamaica

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IMF to visit Jamaica

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A TEAM from the International Monetary Fund (IMF) will visit Jamaica later this month to carry out an Article 4 evaluation of the country.
Finance and Planning Minister Dr Peter Phillips, who made the announcement on Wednesday, said the Government would hold detailed discussions with the IMF on a programme for the country.
“In the interim, a Jamaican team will visit Washington and hold talks with the fund and other multilaterals on February 17,” Phillips told members of the diplomatic corps at the Courtleigh Hotel.
The finance minister said the administration would be com-pleting “our economic programme for submission shortly to the IMF and start the negotiations”.
Phillips said the main plank of the immediate overall strategy of the Government was to work out a new arrangement with the IMF.
“This is vital if we are to access the critical multilateral and bilateral funding support that we need. It is also vital for our engagement with the international capital market,” he added.