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Financial News

Jul 2012 Financial News

IMF team in Jamaica today

Jul 23, 2012

The country will today welcome another high-level delegation from the International Monetary Fund (IMF) as the Government presses ahead with plans to negotiate a new agreement with the lending agency.

Finance Minister Dr Peter Phillips, in his address to the media on the final day of the People's National Party's (PNP) two-day National Executive Council meeting, said the meeting with the IMF, slated for this morning, would seek to advance discussions ahead of the coming of the larger delegation expected in the island later this year.

"I will have discussions with them in the morning. It is a very short mission, but we will focus particularly on clearing up data issues (and) get them to understand what is happening with our revenue numbers, in preparation for the larger team which will come in November," Phillips said.

The PNP has said it would be seeking a more flexible agreement with the IMF instead of the standby loan agreement which was entered into by the former government and expired in May.


Source:
Jamaica Gleaner
Monday July 23, 2012

http://jamaica-gleaner.com/gleaner/20120723/lead/lead9.html