IMF says Jamaica ending programme with weaker growth outlook than earlier projected

With just two days left under Jamaica's latest International Monetary Fund (IMF) programme, the multilateral is admitting that the country is ending the relationship with a weaker growth outlook than was projected at the start of the programme.
Dr. Uma Ramakrishnan, former head of the IMF team for Jamaica, stated in an interview on Thursday that growth has improved, supported by mining, construction, and agriculture industries.
However, she said the outlook is weaker than envisioned at the start of the programs and poverty remains high. 
Despite this, Dr. Ramakrishnan expressed confidence there is still momentum and commitment to continue reforms in several key areas to support broad-based and higher growth. 
The three-year stand-by agreement expires on Sunday.

comments powered by Disqus
Most Popular
General Accident launches new insurance...
UK contributes US$3.8 million to the...
Wall Street mixed amid US-China tensions