Serious about IMF negotiations
KINGSTON, Jamaica, Oct 20, CMC - Prime Minister Portia Simpson Miller says her administration is adopting a very serious approach in securing an agreement with the International Monetary Fund (IMF) and that the discussions with the Washington-based financial institution are far advanced.
Prime Minister Simpson Miller told the first of a series of parish meetings aimed at providing the public with information on key aspects of national development that an agreement with the IMF was necessary in order to get support from the multilaterals and bilateral institutions, build business confidence and keep the economy stable.
Last month, a delegation from the IMF visited the island for talks with government on a new agreement and Finance Minister Dr. Peter Phillips later indicated that an agreement is yet to be reached.
(Details in Business section)