IMF representatives expected to arrive in Jamaica today
Jamaica Gleaner
A team from the International Monetary Fund (IMF) is expected to arrive in Jamaica today to have further talks with the Government.
The officials are expected to be in the country for two days to discuss Jamaica’s return to a borrowing relationship with the Fund.
The Prime Minister Bruce Golding and the Finance Minister Audley Shaw say Jamaica is returning to the Fund because of the current economic shortfalls.
However Mr Golding said Jamaica would not enter into a loan arrangement with the IMF if the terms are not favourable.
Mr Shaw has disclosed that the Government is already pursuing some agreed terms based on discussions with multilateral agencies including the IMF.
These include a consolidation of public enterprises, the formulation of debt strategies for the medium term, a reduction in future deficit, streamlining the civil service and enhancing tax administration.