World Bank gives Jamaica lukewarm support on fiscal reforms - Business - Jamaica Gleaner - Friday | April 20, 2012

World Bank gives Jamaica lukewarm support on fiscal reforms - Business - Jamaica Gleaner - Friday | April 20, 2012: "The World Bank this month described as 'moderately satisfactory' Jamaica's fiscal reform process while noting that it expects the country's tax collections score to improve to grade level B.

The December general election and change of administration slowed down the reform process, the World Bank said in an assessment of a US$100-million loan programme to Jamaica, which closed last month.

"The Government of Jamaica continues to demonstrate strong commitment to the critical public-sector reforms. The Government has made progress in implementation of most reforms, albeit at a slower than expected pace, mostly due to the Parliamentary elections being called early and the subsequent change in Government," stated the bank in the five-page document titled, Implementation Status & Results Jamaica, published in April.

Last September, the World Bank board of directors approved a US$100-million loan for Jamaica to support the Government's fiscal reform and debt sustainability programme."

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