Thu | Oct 19, 2017

IMF, Jamaica to host conference on growth

Published:Wednesday | October 15, 2014 | 12:00 AM

The International Monetary Fund (IMF) and the Ministry of Finance and Planning are slated to take part in a high-level conference on 'Unlocking Growth in the Caribbean' on October 23 and 24 in Montego Bay, St James.

According to a release on the IMF website, the event is to focus on how to unlock growth in the region and will examine key issues such as improving the reliability and efficiency of energy provision, a tax regime to encourage investment, and steps to strengthen the financial sector.

"The outlook for Caribbean economies continues to be challenging. This forum will be an opportunity to further our ongoing dialogue with the region's policymakers on how to work towards stronger and inclusive growth in the Caribbean by addressing important issues such as energy provision, tax incentives and financial-sector resilience," said Alejandro Werner, director of the IMF's Western Hemisphere Department.

The event, a follow-up to last year's high-level conference in The Bahamas, 'Building Growth into the Caribbean Sustainability Agenda', is to bring together prime ministers, finance ministers, central bank governors, and other high-ranking officials from Caribbean countries as well as senior officials from the IMF, the Caribbean Development Bank, the Inter-American Development Bank, the World Bank, and private-sector representatives.

Prime Minister Portia Simpson Miller is to open the conference on October 23. The IMF delegation will be headed by Min Zhu, deputy managing director of the Fund, and Werner, who oversees IMF activities and operations in the Caribbean, and in North America and South America.