Go-Jamaica :: IMF board review of letter of intent delayed :: News: "Jamaicans will have to wait until next week to hear whether the International Monetary Fund (IMF) will approve the government’s request for a US$1.25 billion standby arrangement.
The executive board of the IMF was expected to review Jamaica’s application today but this has been postponed to next week Wednesday, February 3.
Finance Minister Audley Shaw made the disclosure while closing the debate on the government’s economic programme in Parliament last night.
An approval is expected to pave the way for a further US$1.1 billion in loans from multilateral agencies.
Mr Shaw also announced that the deadline for completion of the Jamaica Debt Exchange initiative, which came into effect last week Monday and should have closed yesterday has been extended."
The executive board of the IMF was expected to review Jamaica’s application today but this has been postponed to next week Wednesday, February 3.
Finance Minister Audley Shaw made the disclosure while closing the debate on the government’s economic programme in Parliament last night.
An approval is expected to pave the way for a further US$1.1 billion in loans from multilateral agencies.
Mr Shaw also announced that the deadline for completion of the Jamaica Debt Exchange initiative, which came into effect last week Monday and should have closed yesterday has been extended."
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