IMF Gives Jamaica Top Marks
(Jamaica Observer) While the IMF has praised Jamaica for its exemplary implementation of difficult economic reforms, the fund is still at a loss why Jamaica’s economic growth should be so low.
“After more than four years of difficult economic reforms, Jamaica’s programme implementation remains exemplary,” states the staff appraisal for the second review under the IMF Stand-By-arrangement, released yesterday.
“All quantitative conditions and structural benchmarks were met and the Government’s reform plan is broadly on schedule. Strong domestic ownership of the reform agenda across two different governments and the broader society has helped to entrench macro-economic stability and fiscal discipline. The authorities sustained commitment coupled with the ongoing programme monitoring by civil society has paved the way for reforms to be increasingly domestically owned, designed and executed,” the IMF said in the staff appraisal.