The Office of the Prime Minister (OPM) last night indicated that Cabinet has received an update from the International Monetary Fund (IMF) negotiating team and given directions for transmission to the IMF staff in order to bring about a conclusion to the negotiations.
The update was received during day one of a special three-day meeting of the Cabinet at Jamaica House yesterday.
During the meeting, Prime Minister Portia Simpson Miller reportedly outlined the administration's focus on growth, development and job creation.
According to the OPM release, Simpson Miller "emphasised that in order to achieve this over the medium term, it is vital that we reduce the burden of the national debt".
Stated the OPM: "The prime minister said it was necessary to secure an agreement with the IMF which will underpin the economic reform while securing the protection of the poor and the most vulnerable in the society."
The OPM said that over the next two days, the Cabinet would continue to review and complete the growth and development agenda for the country for the 2013-2014 period and the medium term.