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JA has made "much progress" on economic policies – IMF
The International Monetary Fund (IMF) says Jamaica has made "much progress" on the economic policies and structural reform programmes to be implemented in the current fiscal year.
The assessment was made after the IMF completed its last review of Jamaica's performance under the Stand By Arrangement signed last year.
The IMF, which completed the assessment on Friday, said it has concurred with the government on the need to pursue policies to boost private sector led activity.
Additionally, it said discussions were held on the need to implement public sector investment projects that can have an impact on job creation and growth.
Prime Minister Bruce Golding recently said such a concurrence was necessary for the government to be able to expand spending in an effort to boost growth in this fiscal year.
Growth is projected to be about 2.1% this year but the Planning Institute of Jamaica says that can be boosted to reach more than 5% if the government spends $14 billion chiefly on infrastructural work.
The International Monetary Fund (IMF) says Jamaica has made "much progress" on the economic policies and structural reform programmes to be implemented in the current fiscal year.
The assessment was made after the IMF completed its last review of Jamaica's performance under the Stand By Arrangement signed last year.
The IMF, which completed the assessment on Friday, said it has concurred with the government on the need to pursue policies to boost private sector led activity.
Additionally, it said discussions were held on the need to implement public sector investment projects that can have an impact on job creation and growth.
Prime Minister Bruce Golding recently said such a concurrence was necessary for the government to be able to expand spending in an effort to boost growth in this fiscal year.
Growth is projected to be about 2.1% this year but the Planning Institute of Jamaica says that can be boosted to reach more than 5% if the government spends $14 billion chiefly on infrastructural work.