Confirmed: Minister of finance and planning, Dr Peter Phillips says Jamaica’s economy has seen a number of recent gains such as the finalization of US$3 billion in investments; increased employment; below target inflation; and a narrowing of current account balance of payments. He outlined the achievements while addressing a luncheon with managing director of the International Monetary Fund (IMF), Christine Lagarde, and business leaders on Friday. Phillips provided an update on the government’s economic reform programme noting that, the sacrifices that have been made, “require that we complete the programme…it makes no sense to give up before the gain can be realised”. Meanwhile, the IMF managing director praised the work of the Economic Programme Oversight Committee (EPOC), which was established by the government. She noted that in EPOC’s reviews “nothing was missed, criteria were met, conditions were satisfied, there was no delay, and that is changing the course of history”. She stated that the Fund has never “seen something like EPOC”.
Posted on: Tue, 01 Jul 2014 17:44:21 +0000
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