Pension Strain – Gov’t ‘Happy But Not Celebrating’ IMF Approval; PM Seeks Partnership On Reforms
4 March 2017
Reform of the public pension system will be one of the main pillars of the Jamaica Labour Party administration as it seeks to consolidate and build on the economic gains achieved during the last quarter under the International Monetary Fund (IMF) standby agreement, for which it got excellent grade from the fund.
Prime Minister Andrew Holness warned of the need to maintain strong fiscal stewardship of the economy, especially in light of the progress made.
“I am pleased to say that we have met our structural benchmarks and passed our qualitative performance criteria for the quarter ended December 31st. However, though we are happy, I am not celebrating,” the prime minister disclosed during the joint press conference with the IMF at Jamaica House.