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Story Highlights

  • Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde, arrived in the island tonight (June 26), for a three-day visit.
  • The Managing Director will meet with Prime Minister, the Most Hon. Portia Simpson Miller; the Finance Minister and other senior Government officials. She will also call on Opposition Leader, Andrew Holness.
  • Prime Minister Simpson Miller and Ms. Lagarde will deliver Press Statements at the Office of the Prime Minister (OPM), on Friday, June 27.

Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde, arrived in the island tonight (June 26), for a three-day visit.

Ms. Lagarde was met on arrival at the Norman Manley International Airport by Chief of State Protocol, Ambassador Elinor Felix; Minister of Finance and Planning, Dr. the Hon. Peter Phillips; Minister of State in the Ministry of Foreign Affairs and Foreign Trade, Hon. Arnaldo Brown; Financial Secretary, Devon Rowe; Governor of the Bank of Jamaica (BoJ), Brian Wynter, and the Senior Resident Representative of the  IMF, Bert van Selm.

The Managing Director  will  meet with Prime Minister, the Most Hon. Portia Simpson Miller; the Finance Minister and other senior Government officials. She will also call on Opposition Leader, Andrew Holness.

Prime Minister Simpson Miller and Ms. Lagarde will deliver Press Statements  at the Office of the Prime Minister  (OPM), on Friday, June 27.

The Managing Director’s itinerary will also see her participating in a number of other activities. These include: delivering a lecture at the Faculty of Social Sciences, University of the West Indies, Mona on Friday (June 27) at 4:00 p.m.,  attending a Reception in her honour, hosted by the Prime Minister at Jamaica House; and attending a special breakfast meeting with Women Leaders at the Terra Nova Hotel in Kingston on Saturday (June 28) at 8:30 a.m.

Additionally, she will tour the HEART College of Construction Services in Portmore, St. Catherine, on June 28, before departing the island.

A Statement from the Ministry of Finance and Planning states that Ms. Lagarde’s visit underscores the IMF’s support for Jamaica’s Economic Reform Programme (ERP), and signals the Fund’s commitment to assisting the wider Caribbean.

The most recent IMF review mission to Jamaica, from May 5 to 16, concluded that the country’s overall performance under the programme remains strong; the economic outlook is improving; crisis risks have receded; growth has picked up; net exports are stronger; inflation has been brought under control; and the net international reserves (NIR) are starting to recover.

On May 1, 2013, the IMF Executive Board approved Jamaica’s application for a four-year Extended Fund Facility (EFF) arrangement in an amount of US$958 million.

Jamaica has since passed the four quarterly tests, and has secured in excess of US$300 million in funding support under the Facility.