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propoganda of the disaffected comrades:
Pan Caribbean Financial Services (PCFS) also sees the IMF talks as proceeding as planned, referring to the IMF's subsequent statement after the downgrade, reassuring investors that it continues to make progress in its negotiations with the Jamaican authorities.
"The IMF mission currently in Jamaica is working closely with the authorities toward developing a strategy to address current economic challenges and define policies that could be supported under an IMF stand-by arrangement. These discussions cover both the current and next fiscal years and the medium term, and we are examining a range of policy options. We are continuing to make progress. The Fund mission will provide an update on the discussions by the end of this week.
"It is generally agreed that the change in BOJ leadership will not alter the core policy initiatives being negotiated. Therefore, market players are more focused on the timing and terms of the pending IMF agreement. As such, market response to the S&P downgrade has been muted."
http://www.jamaicaobserver.com/magaz...STIFIABLE_.asp
Move along people.. back to work..nothing to see here.. move along..
lol !
Pan Caribbean Financial Services (PCFS) also sees the IMF talks as proceeding as planned, referring to the IMF's subsequent statement after the downgrade, reassuring investors that it continues to make progress in its negotiations with the Jamaican authorities.
"The IMF mission currently in Jamaica is working closely with the authorities toward developing a strategy to address current economic challenges and define policies that could be supported under an IMF stand-by arrangement. These discussions cover both the current and next fiscal years and the medium term, and we are examining a range of policy options. We are continuing to make progress. The Fund mission will provide an update on the discussions by the end of this week.
"It is generally agreed that the change in BOJ leadership will not alter the core policy initiatives being negotiated. Therefore, market players are more focused on the timing and terms of the pending IMF agreement. As such, market response to the S&P downgrade has been muted."
http://www.jamaicaobserver.com/magaz...STIFIABLE_.asp
Move along people.. back to work..nothing to see here.. move along..
lol !
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