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All is well say Phillips

All is in place for Jamaica to undergo its first performance assessment by the International Monetary Fund (IMF) with a date now set for a team from the Washington-based organization to arrive in the island. Dr. Peter Phillips, Minister of Finance, on Thursday night declared that, from all indications, Jamaica will pass its June 30 IMF test. An IMF team is due in the island on August 14. Dr. Phillips, addressing the Manchester Chamber of Commerce, also stated confidently that Jamaica is on track to meeting its other quarterly performance targets under the Extended Fund Facility with the IMF. Dr. Phillips said he expects that there will be similar performances for future targets.