Thu | May 28, 2020

The IMF has thrown out nothing - Phillips

Published:Thursday | December 13, 2012 | 12:00 AM

FINANCE MINISTER Dr Peter Phillips has indicated that he is still not ruling out the likelihood that the Government will be able to ink a new agreement with the International Monetary Fund (IMF) before the end of the year.

While dispelling reports that the IMF has thrown out the Government's tax reform proposal, Phillips said yesterday that the Government is pressing ahead with plans.

"They have thrown out nothing. What is the issue is that we have to do additional work, as we have always said on waivers and other issues, there is no truth in that whatsoever.

"We are continuing, the governor of the Bank of Jamaica and the financial secretary are in Washington now, as we speak, working on things. December is not finished yet finished," the minister said.