Fri | Aug 18, 2017

Holness says discussions with IMF team positive, fruitful

Published:Thursday | July 21, 2016 | 7:16 PM
Holness: it was agreed that the government's focus on growth and job creation, poverty reduction and national security should be central to any future programme with the IMF.

Prime Minister Andrew Holness has described as positive and fruitful, yesterday’s discussions with representatives of the International Monetary Fund (IMF).

The IMF team arrived on Wednesday to continue talks with Jamaican authorities on the future of a relationship with Jamaica after the current loan agreement ends next year.

Minister of Finance Audley Shaw, Governor of the Bank of Jamaica Brian Wynter and other members of the economic team were also a part of the discussion.

Holness says it was agreed that the government's focus on growth and job creation, poverty reduction and national security should be central to any future programme with the IMF.

He says this should be done while ensuring that macroeconomic discipline is maintained.

According to the IMF, discussions will continue during the next review mission for Jamaica's Extended Fund Facility scheduled for August.

Jamaica has so far passed all tests under the current loan programme.