Minister of Finance and Planning Dr Peter Phillips has urged multilateral lending agencies to explore ways of giving more support to the growth agenda of small developing states.
He said there were 32 small developing states within the Commonwealth, which had varying degrees of difficulty with debt overhang, which had to be brought to the attention of the lending agencies.
Dr Phillips is currently in Washington taking part in a series of meetings with counterparts at the 2013 Commonwealth Finance Ministers' Meeting (CFMM), and to meet with the top leadership of the International Monetary Fund (IMF), the World Bank, and the Inter-American Development Bank (IDB).
He is accompanied by governor of the Bank of Jamaica, Brian Wynter; director general of the Planning Institute of Jamaica (PIOJ), Colin Bullock; financial secretary, Devon Rowe; and technical adviser, Helen McIntosh.
The finance minister said a series of high-level meetings had been held on October 8 with the managing director of the IMF Christine Lagarde; managing director of the World Bank Caroline Anstey, as well as officials of the IDB.
Police Commissioner Owen Ellington has ramped up pressure on members of the Jamaica Constabulary Force (JCF) to take the fight to the criminals.
Ellington implored his staff to not become complacent, as they would be blamed if the murder rate should rise.
"The public will not judge us kindly if the murder rate returns to the pre-2010 level. We must defeat the gangs, and the way to do that is take the offensive to the criminals," the commissioner declared.
In 2009, Jamaica recorded its highest murder rate with 1, 680 murders being reported. The previous murder record was set in 2005 when 1,674 murders were reported.
In contrast, since 2010 the murder rate has continued to fall, with the security ministry reporting a close to 30 per cent decline in murders since that time.
Minister of Finance and Planning Dr Peter Phillips yesterday signed a US$60 million loan agreement with the Inter-American Development Bank (IDB), at its headquarters in Washington, DC.
The loan is the third tranche of financing for the Public Financial and Performance Management programme, which is aimed at strengthening fiscal discipline, improving public financial management, and boosting public -performance management.
This forms part of the Government's strategic priorities for 2013-2014 in the area of fiscal prudence and the pursuit of a credible economic programme.
President of the IDB, Luis Alberto Moreno, who signed on behalf of the bank, expressed the IDB's satisfaction with respect to Jamaica's strengthened fiscal management. He said he was satisfied with the country's progress with the International Monetary Fund's (IMF) Extended Fund Facility, and the first review which was approved by the IMF's board on September 30.