Thursday, May 2, 2013

IMF approves $932 million facility for Jamaica

The International Monetary Fund (IMF) Wednesday said it had approved US$932.3 million loan under its Extended Fund Facility (EFF) for Jamaica.

The four-year extended fund facility will "support" the Jamaica government’s comprehensive economic reform agenda and forms a critical part of a total funding package of US$2 billion from Jamaica’s multilateral partners including the World Bank and the Inter-American Development Bank (IDB), with each having preliminarily agreed to allocate

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