IMF “recommended” to privatize the Norman Manley International Airport and Kingston Container Terminal

The Airports Authority of Jamaica has received a loan from the European Investment Bank “and is the beneficiary of a subsidy which is being utilized to provide technical assistance and studies related to the planned privatization of the airport.” A request for expressions of interest in the project has been sent out. “This contract is expected to be implemented from 2019 February to 2019 August.” In its recent Article IV Consultation report, the International Monetary Fund (IMF) “recommended” that the government “privatize the Norman Manley International Airport and finalizing [sic] concession of the Kingston Container Terminal.” The IMF also reports that “work on alternative financing products is also ongoing with World Bank support.”