KINGSTON, Jamaica, Gleaner – Sections of the private sector remain sceptical about the chances of success of Jamaica's 48-month extended fund facility (EFF) with the International Monetary Fund (IMF), despite confirmation that policy implementation was strong in the first quarter of the programme.
The Economic Programme Oversight Committee (EPOC), in a communiqué issued following a meeting on Wednesday, said that in discussions with IMF and government officials, members expressed concern that economic growth continued to elude Jamaica.
“Of added concern for the members was the indication that despite the promising start, sections of the private sector remain sceptical about the EFF's chances of success,” read a section of the communiqué.
