JCC concerned about delay in IMF deal

The Jamaica Chamber of Commerce (JCC) is again expressing concern about the government’s delay in finalising an agreement with the International Monetary Fund (IMF).

A team from the multilateral lending agency is due in the island on September 24 to continue talks with the government.

JCC President Milton Samuda said it is critical that the agreement, which should have been completed long ago, be signed before the end of this year.

He said the conclusion of the deal is also essential to bring back stability and restore confidence in the markets.

Finance Minister Dr. Peter Phillips has said the negotiations with the IMF should be completed by October 5 and signed by the end of December.

editorial@gleanerjm.com