Business
Jamaica: Simpson-Miller administration, IMF mull over draft agreement
Monday, October 22, 2012
Jamaican Prime Minister Portia Simpson-Miller has revealed that her administration is now discussing a draft Letter of Intent that will embody its commitments during the period of a new agreement with the International Monetary Fund (IMF).
Ms. Simpson-Miller made the announcement yesterday, two days after the third Cabinet retreat where the IMF agreement was one of two issues that dominated discussions.
On the subject of the IMF talks, the Prime Minister said an agreement must “ensure that we not only carry out strategic reforms, but also lay the foundation for sustainable growth.”