Thursday, June 23, 2016

THE International Monetary Fund (IMF) says after several decades of low growth and rising public debt, Jamaica has made significant progress in restoring economic stability due mainly to strong policies and programme ownership.

The Washington-based financial institution said the Government’s reform programme, supported by a four-year IMF loan approved in 2013, has been a turning point for the Jamaican economy and a case study in ownership and collaboration.

It said the Government took on the programme to break the cycle of high debt and low growth that has afflicted Jamaica for decades.

“Although the economic recovery continues, growth remains weak,” the IMF said in a report on a survey conducted on the Caribbean island.

http://www.jamaicaobserver.com/news/IMF-praises-Jamaica-s-economic-programmes–growth_64733