As the International Monetary Fund (IMF) prepares to exit its program with Jamaica, the organization has pointed to a weaker growth outlook than projected at the start of the program for the country.
Dr. Uma Ramakrishnan, former head of the IMF team for Jamaica, stated recently in an interview that although growth supported by mining, construction, and agriculture industries has improved, the outlook is weaker than envisioned at the start of the programs.
She also expressed concerns about the high poverty level within the country.
Dr. Ramakrishnan, however, expressed confidence there is still momentum and commitment to continue reforms in several key areas to support broad-based and higher growth.
The three-year stand-by agreement ended with Jamaica recently.
Nigel Bell, Readers Bureau, Fellow
Edited by Jesus Chan
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