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Gov’t to provide IMF update today
2012-10-05 08:53:20 | (0 Comments)
The country is to be given an update on the government’s talks with the International Monetary Fund (IMF) today.
Finance Minister Dr. Peter Phillips in discussion with an IMF official in Jamaica -file photo.
The finance ministry has organised a wrap-up press conference for 10 o’clock this morning at its Heroes Circle offices.
An IMF team has been in Jamaica since September 24, conducting negotiations for a new agreement with Jamaica.
While here, the team has met with government representatives as well as private sector interests.
The Government has indicated that it will be pursuing a three-year medium-term agreement instead of another standby loan facility.
A medium term programme would allow for a longer repayment time.
The government is seeking to have an agreement with the Fund before year end.
Source: The Gleaner/Power 106 News
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