IMF delays hurting us - Phillips hopes to strike deal soon amid concerns in market
Mar 28, 2013
KINGSTON, Jamaica - ONE WEEK after Finance Minister Dr Peter Phillips disclosed that contingent talks between the International Monetary Fund (IMF), the Inter-American Development Bank and the World Bank were holding up the approval of an extended fund facility (EFF), he now says the country is being negatively impacted by the delay.
Phillips, who yesterday announced at a Jamaica House press briefing that Jamaica would not meet its deadline to secure an IMF agreement by month end, said the issues being discussed relate to funding support for Jamaica's programme.
"We are not direct participants in those discussions," Phillips said.
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