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Jamaica to hold talks with IMF

February 14, 2012

Jamaica’s Finance Minister, Dr. Peter Phillips, will lead a delegation to Washington this week, to hold talks with the International Monetary Fund [IMF], as Jamaica seeks to re-establish a loan agreement with the agency.

The IMF has not conducted a performance review of the economy in more than a year, as the country has failed to meet all the targets under the standby loan agreement.

Dr Phillips says a technical team has been tasked with crafting a medium-term programme, which sets the basis on which Jamaica will re-engage with the IMF.  Jamaica's current 1.3 billion U.S. dollar standby agreement comes to an end in May

K. Rollins

Starcom News