RAMAKRISHNAN… I’m happy to report it all went well

The IMF supports the idea of Jamaica disengaging from it and moving towards economic independence, as was recently outlined by new Minister of Finance Dr Nigel Clarke.

In fact that was how the current lending arrangement was designed, according to Dr Uma Ramakrishnan IMF mission chief for Jamaica.

“We fully support that message,” she said.

“We have excellent relations with the government in Jamaica” Ramakrishnan said, adding that the standby agreement had been designed so that Jamaica could “sustainably exit” from the fund.

She was speaking at a video news conference on the 2018 Article IV Consultation and Jamaica’s performance under the Third Review SBA from the International Monetary Fund in Washington to the IMF office at the Bank of Jamaica in downtown Kingston.

Meanwhile, Jamaica’s programme implementation remains strong five years into economnic reforms, with public debt firmly on a downward trajectory, according to the latest IMF staff report, released on Monday.

“I’m happy to report it all went well.,” Dr Uma Ramakrishnan, the IMF representative said in the video news conference from her Washington offices to the IMF office.

http://www.jamaicaobserver.com/news/jamaican-economy-remains-on-track-8212-imf_130761