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Jamaica satisfies conditions for IMF loan

Portia-forum

KINGSTON,  Jamaica March 25, 2013 - The Jamaican Government says it has satisfied all the conditions for an Economic Support Programme with the International Monetary Fund (IMF).

A release from the Office of the Prime Minister (OPM) yesterday afternoon stated that "Jamaica has successfully completed all prior actions required by the Fund (and) Jamaica now awaits a report from the Fund regarding its discussions with other Multilateral Financial Institutions".

 

Jamaica now awaits a report from the Fund regarding its discussions with other Multilateral Financial Institutions.

The Cabinet also agreed on the 2013/2014 Budget in keeping with the IMF Programme, which will place priority on economic reform, economic growth and social protection.

The growth agenda, including major projects and funding as well as their potential for job creation will be the focus of discussions by the Cabinet tomorrow.

On Monday, Day two of the retreat, Cabinet will discuss the Growth Agenda including major projects and their funding as well as their potential for job creation.