The finance minister of Jamaica says negotiations to forge a new agreement with the International Monetary Fund (IMF) are nearly complete.
But Peter Philips says there must be a framework for taxes, public sector wages and other matters before a deal is finalized.
Philips declined to provide many specifics at a Monday press briefing, but said there must be "sacrifice from all sectors of the society" to achieve economic stability.
(More: A Stellar Record of Failure: The IMF and
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