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IMF to host high-level conference in Jamaica

Published:Wednesday | October 15, 2014 | 9:18 AM

The International Monetary Fund (IMF) has announced that it’s collaborating with Jamaica's finance ministry to host a high-level conference on growth on the island.



The conference dubbed 'Unlocking Growth in the Caribbean' is to be held from October 23-24 in Montego Bay.



The Director of the IMF’s Western Hemisphere Department, Alejandro Werner, says the outlook for Caribbean economies continues to be challenging.



And he says the forum will be an opportunity to further dialogue on how to work toward stronger and inclusive growth in the Caribbean.



It is expected to 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.



And providing an overview of the country’s economic performance in the House of Representatives yesterday, finance minister Dr Peter Phillips also identified growth as the major challenge of the Government.



Prime Minister Portia Simpson Miller, will open the conference on October 23.



The IMF delegation will be headed by Werner and Deputy Managing Director of the Fund, Min Zhu.



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