Wednesday, May 30, 2012

No IMF deal likely before autumn - Business - Jamaica Gleaner - Wednesday | May 30, 2012

No IMF deal likely before autumn - Business - Jamaica Gleaner - Wednesday | May 30, 2012: "Despite an austerity budget and the initial stabs at tax reforms he delivered last week, Jamaica is unlikely to conclude an economic support agreement with the International Monetary Fund (IMF) before October or November, finance minister Peter Phillips has confirmed.

Stung by the failure of the previous administration to aggressively pursue fiscal reform under the standby agreement, the Fund apparently wants credible evidence of the new government's willingness to push through economically tough decisions."

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