Wed | Aug 16, 2017

Byles hopes there will be another IMF agreement

Published:Wednesday | March 16, 2016 | 3:41 AM
Speaking at a press conference yesterday, Byles said the current IMF programme has been decisive in putting Jamaica on the right path and keeping the country on that path up to this point.

Co-chair of the Economic Pogramme Oversight Committee, Richard Byles, says he’s hoping the Government will opt for another programme under the International Monetary Fund (IMF) when the current one ends in March 2017.

Speaking at a press conference yesterday, Byles said the current programme has been decisive in putting Jamaica on the right path and keeping the country on that path up to this point.

He says Jamaica’s problems will not end when the current programme expires and the country must stick to a prudent economic route after next year March.

 

Meanwhile, Byles says he will not make any predictions about the impact the government’s decision to grant Jamaicans making $1.5 million or less an income tax break will have on the IMF agreement.

 

Co-chair of the Economic Programme Oversight Committe, Richard Byles

Jamaica has passed nine reviews so far under its Extended Fund Facility with the IMF.

A review mission team from the IMF is expected in Kingston in May to conduct the 11th and 12th reviews.

The IMF says these two reviews have been combined to enable the Jamaican authorities to focus on setting up a new administration following the February 25 general elections.