Tue | May 21, 2019

IMF Review | Ja should address governance shortcomings

Published:Tuesday | April 23, 2019 | 11:49 AM
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Jamaica is being encouraged by the Executive Board of the International Monetary Fund (IMF) to take immediate steps to address public sector governance shortcomings.

The Board made the call in its fifth review of Jamaica’s performance under the stand-by agreement, which was published on Monday.

It says the shortcomings could be achieved, in part, by empowering the Integrity Commission, passing regulations to solidify a transparent and competency-based process for board appointments to public bodies’ boards, and reducing the number of public bodies.

It further recommends that Jamaica should migrate funds from the government’s commercial bank accounts to the Treasury Single Account and close those accounts.

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