Wed | Oct 18, 2017

Fayval to steer IMF programme

Published:Tuesday | March 8, 2016 | 12:00 AMEdmond Campbell

Fayval Williams, the first-time member of parliament who sent the People's National Party's Andre Hylton packing in the February 25 general election, will spend much of her time at the Ministry of Finance ensuring that Jamaica's programme with the International Monetary Fund (IMF) remains on track.

Newly appointed Minister of Finance and Public Service Audley Shaw told The Gleaner yesterday that, as part of the team at his ministry, Williams will be working closely with the IMF programme, as well as on the fiscal side, while Rudyard Spencer will focus on the public sector.

Williams, speaking with The Gleaner immediately after she was sworn in as state minister in the Ministry of Finance at King's House, said: "The prime minister indicates that we will be abiding by the IMF programme, and it is with that mandate that I will go forward in the Ministry of Finance in the dealings with the IMF."

In a meeting with a team of IMF officials last week, Prime Minister Andrew Holness said his Government would be committed to maintaining fiscal prudence.

The IMF team stressed the need for Jamaica to continue its efforts at reducing Jamaica's debt ratios to a level that all stakeholders believe to be sustainable. The Fund team had indicated that achieving this objective would become much easier with elevated levels of economic growth.

edmond.campbell@gleanerjm.com