“We have agreed on understandings that are reflected in the authorities’ economic programme, as stated in the Letter of Intent that will be reviewed by IMF management and finalized before the agreement is approved.

“Staff envisages that the IMF’s Executive Board would consider the proposed arrangement under the EFF by the end of March, subject to the timely completion of prior actions to be taken by the Jamaican government and obtaining necessary financing assurances,” said Jan Kees Martijn, Head of the IMF mission to Jamaica.

Reprinted from CanaNews