Monday, October 22, 2012

Jamaica: Simpson-Miller administration, IMF mull over draft agreement

Jamaican Prime Minister Portia Simpson-Miller has revealed that her administration is now discussing a draft Letter of Intent that will embody its commitments during the period of a new agreement with the International Monetary Fund (IMF).

Ms. Simpson-Miller made the announcement yesterday, two days after the third Cabinet retreat where the IMF agreement was one of two issues that dominated discussions.

On the subject of the IMF talks, the Prime Minister said an agreement must

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