UCC to host Distinguished Lecture to discuss Jamaica’s experience under the IMF Stand-By Arrangement

Kingston, June 7, 2019 – The University of the Commonwealth Caribbean (UCC) is to host another Distinguished Lecture, in the style of a town hall meeting, in the main Lecture Theatre at the University’s Main Campus in Kingston on Tuesday, June 11. Students, representatives from the financial sector and other stakeholders are invited to participate in the discussions on Jamaica’s experience under the current Stand-By Arrangement (SBA) with the International Monetary Fund (IMF).

The Stand-By Arrangement is an economic programme of the IMF which gives financial aid to a member state in need of such assistance, normally arising from a fiscal crisis.

University of the Commonwealth Caribbean President and Executive Chancellor, Professor Dennis J. Gayle said that "the Distinguished Lecture will provide students and all other participants an opportunity to engage with IMF officials, evaluate Jamaica’s experience under the current Stand-By Arrangement, and discuss the way forward after the agreement ends.”

Jamaica’s 36-month Stand-By Arrangement with the IMF will end this year.

The Distinguished Lecture will begin at 5:30 pm and will include speakers such as: Dr. Uma  Ramakrishnan, IMF Economist and Mission Chief to Jamaica, Dr. Constant Lonkeng Ngouana, IMF Resident Representative for Jamaica, and a member of the Economic Programme Oversight Committee (EPOC).

UCC is the largest non-affiliated, privately owned university in Jamaica. The institution is internationally accredited by the UK-based Accreditation Services of Independent Colleges and Universities (ASIC), and is currently working towards Institutional Accreditation from the University Council of Jamaica, (UCJ), based upon its recent designation & award of Candidacy status.

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