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IMF mission arrives for 11-day visit
2013-02-04 17:19:37 | (0 Comments)
The Finance Ministry says a team from the International Monetary Fund (IMF) is due in the island today.
Peter Phillips (left), finance minister, and Jan Kees Martijn, mission chief, International Monetary Fund, at a press conference at the Ministry of Finance in Kingston - File Photo
The mission, being headed by Jan Kees Martijn, will be in Jamaica until February 15.
The Finance Ministry says the mission follows extensive discussions by Jamaican officials with representatives of the IMF in Washington, D.C.
It also comes after efforts to reach a staff level agreement on a Letter of Intent for Jamaica.
The Finance Ministry says the Letter of Intent will form the basis of Jamaica’s submission to the IMF Board for approval of a four-year Extended Fund Facility at the earliest possible time.
However, before the agreement can be sealed the Government needs to take certain action.
Among them are measures concerning tax reform and a containment of the public sector wage bill.
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Source: The Gleaner/Power 106 News
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