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Phillips in Washington for talks on Jamaica's economic path

Published:Wednesday | September 3, 2014 | 12:00 AM

Finance and Planning Minister Dr Peter Phillips is in Washington, DC, where he is expected to engage officials from the US Treasury, the US State Department, the International Monetary Fund (IMF), the Inter-American Development Bank, and the World Bank in a series of discussions.

The ministry stated that the meetings and technical discussions are expected to focus on the macro-economic and fiscal path that Jamaica is pursuing in order to realise economic growth and development; the recent performance of the Jamaican economy; and achievements under the IMF four-year extended fund facility.

The delegation is also expected to engage in discussions on how each of these organisations can tangibly continue to support Jamaica's development, particularly in terms of the financing of growth objectives and debt-reduction initiatives.

Phillips, who left the island on Monday and is expected to return tomorrow, is accompanied by Brian Wynter, governor of the Bank of Jamaica; Colin Bullock, director general of the Planning Institute of Jamaica; and Financial Secretary Devon Rowe.