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Jamaica to host IMF conference on growth in the Caribbean

Jamaica to host IMF conference on growth in the Caribbean

Posted by Shanelle Weir on October 15, 2014

The International Monetary Fund (IMF) Tuesday said it will hold a high-level conference in Jamaica later this month on “Unlocking Growth in the Caribbean”.

The Washington-based financial institution said the October 23-24 conference in Montego Bay is being held in collaboration with Jamaica’s Ministry of Finance and Planning.

The IMF said the event will focus on how to unlock growth in the region and will examine key issues such as improving the reliability and efficiency of energy provision, a tax regime to encourage investment, and steps to strengthen the financial sector.

“The outlook for the Caribbean economies continues to be challenging. This forum will be an opportunity to further our ongoing dialogue with the region’s policy makers on how to work toward stronger and inclusive growth in the Caribbean by addressing important issues such as energy provision, tax incentives and financial sector resilience,” said Alejandro Werner, the Director of the IMF’s Western Hemisphere Department.

The Jamaica meeting is a follow-up to last year’s high-level conference in The Bahamas on “Building Growth into the Caribbean Sustainability Agenda,” and will bring together Prime Ministers, finance ministers, central bank governors, and other high-ranking officials from Caribbean countries--as well as senior officials from the IMF, the Caribbean Development Bank, the Inter American Development Bank and the World Bank and private sector representatives.

Prime Minister Portia Simpson Miller will open the conference on October 23.

The IMF delegation will be headed by Min Zhu, Deputy Managing Director of the Fund, and Werner, who oversees IMF activities and operations in the Caribbean, and in North America and South America.  

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