IMF Credits ERP’s Success to Strong Stakeholder Ownership

 

• Former International Monetary Fund (IMF) Mission Chief for Jamaica, Dr. Uma Ramakrishnan, has credited the success of the Economic Reform Programme (ERP) to the broad-based stakeholder ownership of the reforms and a commitment to “seeing things turn around”.
• “The ownership that we have seen across political administrations, where things went smoothly and where there was the commitment to retaining the policy discipline, especially on the fiscal side, was something for everyone to take note of and take on board as a lesson,” she said.
• Dr. Ramakrishnan was addressing journalists during a teleconference at the IMF’s local office at the Bank of Jamaica (BOJ) building in downtown Kingston on Monday, November 11.
• The ERP is the Government of Jamaica’s strategic plan of action to generate sustained economic growth and long-term development of Jamaica. It targets public debt reduction, macroeconomic stability, and higher levels of job creation and improved labor force productivity as key outcomes.

(Source: JIS)