‘Time for Jamaica to Move On’, says IMF Resident Rep

The IMF’s resident representative to Jamaica, Dr. Constant Lonkeng Ngouana, says it’s time for the country to move on from the multilateral institution.

He’s echoing statements from Finance Minister Dr. Nigel Clarke, who said last week that the end of the current Standby Arrangement with the Fund could be the end of Jamaica’s borrowing arrangement with them.

Speaking on Nationwide This Morning, Dr. Ngouana says Jamaica is ready to stand on its own.

The current Standby Arrangement is Jamaica’s third IMF programme since 2010.

Dr. Ngouana says it’s considered a “graduation” from the previous Extended Fund Facility, which ended in 2016.

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