Tweet
<span style="font-weight: bold">News Source: OTGNR - </span>
<span style="font-weight: bold"> Confirmed : # Jamaica told by the...tain targets...</span>
The International Monetary Fund (IMF) has expressed concern in its latest assessment of Jamaica's economic situation, that the targets set out under the borrowing relationship were, in the Fund's words, "jeopardised". The IMF concerns are contained in a release on the island's progress so far in its arrangement with the multilateral agency.In its third review of Jamaica's performance under the standby agreement, the Fund was critical of government action it said was compromising the country's ability to meet the conditionalities set out in the agreement.It made reference to the government's "unanticipated purchase of new buses" for the state run Jamaica Urban Transit Company, and continued financial support for a government run bauxite company.The IMF also questioned the payment of outstanding salaries and allowances to public sector works and cost overruns on a major highway running across the island.The Fund wants Jamaica to postpone some of its capital projects. Source: (BBC)
<span style="font-weight: bold"> Confirmed : # Jamaica told by the...tain targets...</span>
The International Monetary Fund (IMF) has expressed concern in its latest assessment of Jamaica's economic situation, that the targets set out under the borrowing relationship were, in the Fund's words, "jeopardised". The IMF concerns are contained in a release on the island's progress so far in its arrangement with the multilateral agency.In its third review of Jamaica's performance under the standby agreement, the Fund was critical of government action it said was compromising the country's ability to meet the conditionalities set out in the agreement.It made reference to the government's "unanticipated purchase of new buses" for the state run Jamaica Urban Transit Company, and continued financial support for a government run bauxite company.The IMF also questioned the payment of outstanding salaries and allowances to public sector works and cost overruns on a major highway running across the island.The Fund wants Jamaica to postpone some of its capital projects. Source: (BBC)