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Jamaica Imf Agreement

«A sustainable reduction in labour costs in the public sector is important to channel savings towards social and growth investments. It is important to move forward with this difficult but critical reform. Using the current four-year collective agreement window will help prioritize government functions and put in place a new compensation framework for public sector employees. The EFF allows a country to develop its internal structural integrity in order to strengthen economic growth without being overly penalised by the cost of repayment. [21] «The IMF team reached a preliminary agreement with the Jamaican authorities on a set of guidelines to complete the fifth revision under the SBA . . .