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IMF reminds it is 'investing serious money' in Jamaica

Published:Wednesday | March 4, 2015 | 3:35 PM

The International Monetary Fund (IMF) is reminding Jamaicans that it is making serious financial investments in the country under the current economic reform programme. 

IMF resident representative in Jamaica Bert van Selm issued the reminder while delivering the main address yesterday at the Sagicor Life Jamaica's annual pensions seminar in Kingston.

He noted that the loan issued in 2013 to Jamaica is worth almost US$1 billion. 

And according to him, that is serious money being pumped into Jamaica's economy valued at about US$15 billion. 


IMF resident representative in Jamaica, Bert van Selm

The IMF representative is predicting two per cent growth for Jamaica this year and possibly even more beyond that

He says entrepreneurs need to be bold and make use of the improved economic conditions. 


IMF resident representative in Jamaica, Bert van Selm

He was speaking at Sagicor Annual Pension Seminar yesterday.

Jamaica is in the second year of a four-year extended fund facility with the IMF. 

The programme has required that the Government undertake tough and unpopular measures including a wage freeze and expenditure cuts.