IMF to Continue Jamaica Talks

IMF to Continue Jamaica Talks

Caribbean

The IMF says discussions regarding a $1.2bn stand-by agreement for Jamaica will continue in Washington this week, following talks held in Kingston October 27-November 6. An IMF mission met with prime minister Bruce Golding, minister of finance Audley Shaw, and senior Jamaican FinMin and central bank officials. The stand-by agreement will help reduce Jamaica’s large fiscal deficit and put its debt on a downward path, says the IMF. Domestic liabilities account for 55% of the sovereign’s total debt

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