Thursday, September 5, 2013

Jamaica: Structural adjustments in economy are working - Finance Minister Phillips

Jamaica's Finance Minister, Peter Phillips has revealed that the period of difficulty for the country may be over as the island-nation has passed the worst as far as the effects of the structural adjustments imposed by the International Monetary Fund (IMF) are concerned.

However, Phillips cautioned that the country is not yet out of the woods. “There’s definitely pain before gain in the sense that we will have tight budgets for some time to come.”

He said it will take some time

More details here...

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