Tue | May 23, 2017

IMF's official pleased with MoBay economic meeting

Published:Monday | October 27, 2014 | 10:23 AM
Prime Minister Portia Simpson Miller in dialogue with Alejandro Werner, director, IMF Western Hemisphere, while Finance Minister Dr Peter Phillips looks on. - JIS file photo

Alejandro Werner, the director of the International Monetary Fund's (IMF) Western Hemisphere Department, has described as a success, a recent high-level economic forum in Montego Bay, St James.



He says the meeting facilitated frank discussion on the fiscal challenges in the region and examined ways to improve growth, employment and social development goals.



The event, held in collaboration with the Government of Jamaica included representatives of the IMF, the World Bank, the Inter-American Development Bank, and the Caribbean Development Bank.



Regional Finance Ministers, public and private sector policymakers were also in attendance.



Werner has praised what he called the high level of participation and open discussion at the forum.



He said focus was placed on three critical areas - energy provision, tax incentives, and financial sector resilience - which are the greatest challenges to unlocking growth in the region.



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