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J'cans must be kept informed of IMF progress, says economic oversight co-chair

Published: Thursday January 2, 2014 | 9:31 am Comments 0

Damion Mitchell, News Editor - Radio & Online

KINGSTON, Jamaica:
The co-chairman of the Economic Programme Oversight Committee Richard Byles says it is critical for constant communication with the Jamaican people on the country’s progress under the deal with the International Monetary Fund.

Byles says if by June there is further growth in the economy then the level of confidence would improve.

However, Byles told the JIS that for 2014, the Government must deliver within the first half of the year on its commitment to make it easier for people to do business in Jamaica.

Jamaica continues to slide in the World Bank's annual Doing Business rankings, falling three more places to 94 in the last report released in October.

The fall represents the ninth year of straight decline for Jamaica, which ranked 43 in the 2006 report.

It also comes amid calls from corporate Jamaica for the Government to do more to create a business-friendly climate.

However, in one of the most watched sub-rankings, the ease of paying taxes, Jamaica did no worse than the previous year, although it continued to rank among the worst performers at 168 of 189 countries.

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