Update on state of Jamaica economy Wednesday

Minister of Finance and Planning, Dr Peter Phillips. (Photo: jis.gov.jm)

KINGSTON, Jamaica, Monday February 6, 2012 – Come Wednesday Jamaicans will have a better idea on the status of the country’s economy and what it needs to do going forward.

That’s because that country’s Minister of Finance and Planning, Dr Peter Phillips is expected to meet with the media to discuss the state of Jamaica’s economy and plans for the remainder of the financial year.

This follows a Cabinet retreat which started on Thursday and concluded yesterday to look at a range of issues.

Among the issues looked at was the status of the current International Monetary Fund agreement, and the prospects of a new one, job creation and growth strategies and priorities for the new financial year expected to start in April.

In addition, the state of the country’s economy and the social challenges that country faces were also raised during the four-day meeting which included presentations from Bank of Jamaica governor and a team from the Planning Institute of Jamaica.

Ministerial programmes were also on the discussion table as minsters sought to outline what they hoped to accomplish during the next financial year. Click here to receive free news bulletins via email from Caribbean360. (View sample)