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IMF head to visit Jamaica June 27

Tuesday, June 10, 2014    

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MANAGING director of the International Monetary Fund (IMF) Christine Lagarde will visit Jamaica on June 27, according to a statement issued by the Ministry of Finance yesterday.

It said Lagarde and her delegation will hold meetings with Prime Minister Portia Simpson Miller, Finance Minister Dr Peter Phillips and other senior government officials.

She will also participate in a number of "outreach activities" before departing the island on June 28, the statement said.

"The visit by the managing director of the IMF underscores the fund's support for Jamaica's economic reform programme, and signals its commitment to assisting the wider Caribbean," according to the statement from the finance ministry.

In May, an IMF review mission to Jamaica concluded that the country's overall economic performance under the programme remains strong; economic outlook is improving, crisis risks have receded, growth has picked up, net exports are stronger, inflation has been brought under control, and reserves are starting to recover.

In May last year, Jamaica entered into a four-year US$948.1 million extended fund facility agreement with the IMF.

-- CMC

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