KINGSTON, Jamaica – Jamaica’s prime minister has told supporters that her administration passed every test of the International Monetary Fund during the island’s latest loan agreement.
At the annual conference of the People’s National Party, Prime Minister Portia Simpson Miller touted the record of nine passed tests while calling the terms of the IMF deal “challenging yet necessary.”
She acknowledges employment rates are “not yet where we want them to be,” but says Jamaica’s economy is moving in the “right direction.” The opposition disputes that.
Jamaica has been trying to turn around its economy with a four-year, $930 million package with the IMF. In recent decades, Jamaica had one of the world’s slowest growing economies.
The party held its 77th annual conference Sunday at the island’s National Stadium.