Finance Minister, Dr. Peter Phillips says while the Jamaican economy will reboundĀ  from recent set backs, challenging times are ahead for the government as it works to meet its fiscal targets.

Dr. Phillips was addressing this morning’s opening day of the annual meeting of parliament’s standing finance committee.

The Jamaican economy declined in the last two quarters of 2014, after returning to the growth part early in the calendar year.

Dr. Phillips sought to assure the committee that Jamaica’s commitments under the IMF programme are being met and that the platform to grow the economy is being set.

Dr. Peter Phillips, Minister of Finance addressing the standing finance committee this morning