IMF Director to visit Jamaica Sunday
MANAGING Director of the International Monetary Fund (IMF), Dominique Strauss-Kahn, is to visit Jamaica on Sunday for a meeting with Prime Minister Bruce Golding and Caricom leaders.
Golding said Strauss-Kahn would discuss with Caricom leaders a way forward and out of the recession.
“He is coming to attend the Caricom conference but particularly to have discussions with Caricom member states about our way out of this recession and the steps that we are taking, not just to recover, because the state we were in before the recession hit us cannot be the zenith of our hopes and our aspirations, to see how we can not just weather the storm, but to see how we can position our economies for the sustained growth that we have been aiming for,” Golding said at the Annual Members Luncheon of the Jamaica Securities Dealers Association (JSDA) held at the Terra Nova Hotel in Kingston.
Jamaica resumed borrowing from the IMF in February, 14 years after it ended that relationship. The multilateral lending agency approved a US$1.27 billion loan to support Jamaica’s recovery from mounting government debt, weak economic growth and the effects of the global economic crisis.
Jamaica passed the initial test in March, freeing the way for access to another $63.7 million of the loan.