KINGSTON, Jamaica, March 9, 2019 - The International Monetary Fund (IMF), says it supports the government's use of the reduction in the primary surplus target by ½ percent of GDP to 6½ percent to facilitate higher spending in social assistance, citizen security and rural infrastructure in the FY2019/20 Budget.
WASHINGTYON, DC, February 14, 2019 - The International Monetary Fund , IMF, says Barbados continues to make “good progress’ in its efforts to turn around an ailing economy supported by a multi-million dollar Extended Fund Facility, EFF.
THE CONVERSATION - February 7, 2019 - The sudden resignation of World Bank President Jim Yong Kim has rekindled debate about leadership succession and the mission of the international financial institution.
KINGSTON, January 20, 2019 - The Opposition Peoples National Party is concerned that Jamaica has missed the BOJ’s inflation target for the second time this fiscal year, again triggering the requirement to consult with IMF staff on the deviation from the programme’s inflation target.
WASHINGTON, DC, December 8, 2018 -An IMF review of Jamaica's economic programme under the precautionary Stand-By arrangement, says “Positive developments continue to sustain Jamaica’s economic reform program. The unemployment rate is at an all-time low of 8.4 percent, with significant gains among women and younger workers. Inflation is in the Bank of Jamaica’s (BOJ) target range of 4–6 percent.