IMF Warns Success at Next Five Test Uncertain

The IMF’s Resident Representative to Jamaica, Dr. Bert Van Selm, says it’s difficult to say whether the country’s five remaining reviews under the economic reform programme will be more difficult or easier than the previous ten.

Jamaica has passed all 10 reviews undertaken since September, 2013.

Dr. Van Selm says he believes the 7-percent wage increase agreed with most public sector unions, was a good outcome.

He says the economy is heading in the right direction, even as he acknowledged that the government faces a tough challenge to keep wages within the target of 9-percent of GDP.

Dr. Van Selm says while economic growth has been low, the outturn is not far from projections made at the start of the programme.

Dr. Bert Van Selm, the IMF’s Resident Representative to Jamaica.