The International Monetary Fund is highlighting Jamaica as one of it’s poster children of economic reform.
New IMF Managing Director, Kristalina Georgieva, praised Jamaica for successfully navigating two of the Fund’s arrangements in recent years.
Ms. Georgieva, was addressing a gathering of Finance Ministers and Cental Bank Governors at the IMF/World Bank’s Annual meeting last week.
She noted Jamaica’s completion across two administrations of the Economic Reform Programme, ERP in 2016 and the recent conclusion of the Precautionary Stand by arrangement in September.
Ms. Georgieva also praised Jamaica for its innovative approach in communicating the benefits of low inflation.
Ms. Georgeiva replaced former Director and the first woman to hold the post, Christina Lagarde in September.
Ms. Lagarde demitted office to head the European Central Bank