Chamber of Commerce says no IMF deal before April
Mar 22, 2013
KINGSTON, Jamaica, CMC - President of the Jamaica Chamber of Commerce (JCC), Francis Kennedy says it is highly unlikely that the country will seal a deal with the International Monetary Fund (IMF) before the end of next month.
On Tuesday Finance Minister, Dr. Peter Phillips said he was still hopeful that Jamaica's IMF programme will be approved before the end of this month and the timing of the approval is hinged on talks involving key multi-lateral agencies.
But the JCC President does not believe that the Staff Agreement will reach the IMF Board this month as it is s too late now for a March date to be achieved.
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