Posted Saturday June 27, 2009
KINGSTON, Jamaica: - Prime Minister Bruce Golding says his administration will only enter into an agreement with the International Monetary Fund (IMF) if the terms are not beneficial to Jamaica.
"We are not going to go back into any IMF agreement unless we are satisfied that that agreement is good for Jamaica, that it has the provisions in it to help Jamaica to move forward, and not to help Jamaica to go into any reverse gear. We are not into that," he said.
During his budget presentation last month, the Prime Minister said that Jamaica was looking at possible assistance from the IMF in light of the global financial crisis and continued concerns about the country's balance of payments, as well as pressure on the Net International Reserves (NIR).
READ FULL STORY HERE.
