Jamaica Approved for IMF Facility

Jamaica Approved for IMF Facility

Jamaica Loans

Jamaica has been approved to receive up to about $932m-equivalent in financing from the International Monetary Fund (IMF), the IMF says. “We see the $932m IMF facility, together with commitments from the World Bank and Inter-American Development Bank, as critical in reducing external pressures given Jamaica's large current account deficit, sizeable external debt payments and low international reserves,” says Fitch. However, the agency also points out that although the move is in the right direct

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