Government gives assurances on proposed IMF deal
KINGSTON, Jamaica, Oct 22, CMC – The Jamaica government is seeking to assure the nation that her administration is moving to address the key areas that will have an impact on a proposed agreement with the International Monetary Fund (IMF).
In a statement issued following a Cabinet retreat over the weekend, Prime Minister Portia Simpson Miller said the government is examining a draft Letter of Intent that will embody its commitments during the period of a new agreement with the Washington-based financial institution.
The Prime Minister said while she understands the public’s concerns over the speed of the negotiations, her administration is committed to completing an agreement that will be in the best interest of the country.
“The timetable is, therefore, not ours alone to set. The process is a very difficult and complex one. The negotiation requires us to do the best we can to ensure that we get an agreement that is in the best interest of Jamaica.
(Details in Business section)