Advertisement

Economic growth remains subdued - IMF

The International Monetary Fund (IMF), is again pointing out that despite positive economic trends, economic growth in Jamaica remains subdued. 
 
The IMF Executive Board highlighted the problem in its fourth review under the stand-by arrangement for Jamaica.
 
The Fund is recommending supply-side reforms to facilitate private sector investment which are needed to achieve higher, sustained growth, and job creation.
 
In addition, the IMF Board is also emphasizing that the public-sector wage bill still needs to be reduced.
 
The multilateral lending agency says achieving the wage bill reduction will require a broad overhaul of  the public compensation and allowance system, and a reduction in the size of  the Government workforce.


comments powered by Disqus
Most Popular
Miller steps down as national cricket captain
Local football fraternity mourns passing of...
Windies beat New Zealand in final warm-up...