IMF Deal Gets Cautious Thumbs Up…Western Business Leaders Optimistic

KINGSTON, Jamaica, Observer - Key stakeholders in the business community in western Jamaica are cautiously optimistic about the deal struck between the Government and the International Monetary Fund (IMF) and have given the Richard Byles and Brian Wynter-led monitoring committee its vote of confidence. "The IMF agreement is certainly welcome news as it will restore some level of confidence to business operators, considering what is happening with the economy, as it relates to the speculations - which has caused the rapid devaluation of the Jamaican dollar," said Davon Crump, president of the Montego Bay Chamber of Commerce and Industry He added: "We are hoping that the Government can now get on with the running of our country and focus on some of the other challenges that our citizens face on a daily basis. Hopefully, with the stabilisation of the dollar, business owners can now make effective plans towards success and profitability."