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Jamaica Closes on IMF Pact

Dec 21, 2009

The IMF says it has reached an agreement with Jamaican authorities on key elements of a program that the IMF would support with a 27-month $1.3bn loan under a stand-by arrangement (SBA). The bank adds that its executive board...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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