Finance Minister, Dr. Nigel Clarke, says Jamaica should never return to the International Monetary Fund, IMF, for its economic survival.
Minister Clarke says it’s time for Jamaica to break the cycle of depending on the IMF for fiscal support by properly managing its own financial affairs.
He was delivering the keynote address at the 2018 Labour Market Conference this morning.
The Finance Minister says his recent appointment has come at a very important juncture in Jamaica’s history.
This, as the country is expected to end its current relationship with the International Monetary Fund under the Precautionary Standby Arrangement in 18 months.
Dr. Clarke says fiscal discipline will be the watchword to ensure this is the last time the country should make use of the IMF.
He argues that a guiding principle that supercedes individual interests is needed to inform decision making in a post-IMF era.
Dr. Clarke also outlined the priority areas of his tenure as Finance Minister.