Revisiting the IMF Target of Pegging Public Sector Wages to 9% of GDP

 When the Precautionary Stand-by Agreement between the Government of Jamaica (GOJ) and the International Monetary Fund (IMF) comes to an end in September 2019, expectation is that the economic reform programme will not only be consolidated, but the sustained fiscal discipline will continue to drive down our public debt-to-GDP ratio, further reduce our current account deficit, stabilise the inflation rate, lower unemployment and provide for robust economic growth.

 

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