The head of the Private Sector Organisation of Jamaica, Christopher Zacca, says the terms of reference are currently being developed for the oversight committee which will monitor the Government’s performance on IMF targets.
In announcing the National Debt Exchange earlier this month, Finance Minister, Dr Peter Phillips said an economic oversight committee with representatives from the private sector and unions would be put in place to monitor the progress of government departments in relation to the IMF agreement.
Dr Phillips had said it was an unprecedented step in public accountability and transparency.
Zacca says he believes the establishment of the committee was a positive outcome of negotiations with the Government ahead of the launch of the debt exchange.
Zacca says he expects the Government to share the terms of reference of the committee with the country as soon as they are developed.
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