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Finance Minister urges fiscal discipline to end Jamaica's need for IMF

Dr. Nigel Clarke, Minister of Finance and the Public Service, has said Jamaica should manage its economic affairs in a disciplined manner so that there is no need to return to the International Monetary Fund (IMF) when the current Precautionary Stand-by Agreement ends in late 2019.
 
Dr. Clarke said in recent times, Jamaica has gained significantly from the implementation of fiscal, monetary and structural reforms across two consecutive political administrations under IMF agreements.
 
Signalling that the current administration has no intention of entering into new arrangements with the IMF, the Finance Minister noted that Jamaica has exited arrangements with the fund over decades from the 1970s to 1990s, only to return to new engagements.
 


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