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Gov't not planning to request financial help from international partners - Clarke

Dr. Nigel Clarke
 
Finance Minister Dr. Nigel Clarke has said Jamaica has no plan at the moment to access financing from international partners in light of the coronavirus, but the government is maintaining open dialogue with them.
 
This week, the International Monetary Fund (IMF) said about 80 countries have already approached it for help in light of the economic fallout from COVID-19.
 
Dr. Clarke was questioned in the House of Representatives Wednesday afternoon about whether Jamaica was also seeking help.
 
He said the government has been in talks with the IMF, Inter-American Development Bank (IDB) and the World Bank.
 
Dr. Clarke said the World Bank and IDB have indicated they are ready to provide support if needed and could accelerate financing that has already been approved for other areas and re-purpose it for COVID-19 support.
 
He said while the country is not currently in a position where it needs to activate those sources, the government will remain open to the possibility of the assistance should conditions worsen.   
 


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