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Old August 17th, 2019, 07:48 AM
Jangle Jangle is offline
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Join Date: Jul 2006
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Default Jamaica — Ready! Ready!

IMF's representative says the country has come too far to allow for any reversal

Dr Constant Longeng Ngouana, the International Monetary Fund's (IMF) resident representative in Jamaica, believes that based on the success of Jamaica's initiatives to improve its economic performance in recent years, the country is now ready to exit the IMF programme and manage its affairs.

“Oh absolutely, absolutely,” he insisted during a recent interview. “Jamaica is ready. Jamaica is ready to exit IMF financial support and I want to stress 'financial support' because we have been a strong partner to Jamaica. We will continue to be a strong partner to Jamaica.”

“But the nature of our relationship will change to reflect the maturity of the Jamaican economy and the maturity of policymaking in Jamaica,” he added, stating that the IMF will continue to consult with Jamaica once a year just as they do with other member countries.

Ngouana attributed this transition to the country's “sound policymaking with broad-based consensus” that resulted in economic transformation over a relatively short time frame.

http://www.jamaicaobserver.com/
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