The expression supposedly derives from the American Indian practice of moving stealthily through the woods in this fashion—each walker stepping into the footprints of the preceding, with the final man obliterating the single set of tracks thus leaving no trace of their course.
On Friday, the International Monetary Fund’s (IMF) executive board approved a 36-month precautionary Stand-By Arrangement (SBA) for Jamaica.
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The Government’s new reform programme replaced the Extended Fund Facility (EFF) – under which tremendous progress was achieved in macroeconomic stabilisation over the past three-and-a-half years – putting to rest any uncertainty among domestic and international stakeholders about the government’s reform agenda going forward.
SHIFTING GEARS TO GROWTH AND JOB CREATIONAt the heart of the Government of Jamaica’s reform programme is the renewed focus on economic growth that is needed to significantly improve the living standards of the Jamaican people and reduce the poverty level which remains high.