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IMF first quarter test result this Thursday
2013-08-20 17:21:34 | (0 Comments)
Jamaicans are expected to know on Thursday how the country fared in the first quarterly test under the deal with the International Monetary Fund (IMF).
(From left) Finance Minister Dr Peter Phillips with BOJ Governor Brian Wynter and Jan Kees Martijn, Head of the IMF mission to Jamaica
A team from the multilateral lending agency has been reviewing targets for the April to June quarter.
Finance Minister Dr. Peter Phillips has called a press conference for Thursday to update the country on the IMF review.
In May, the board of the IMF approved a US$950 million four-year extended fund facility for Jamaica.
Under the deal, Jamaica is required to undertake, among other things, fiscal consolidation, wage restraint and a reduction in public debt.
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Source: The Gleaner/Power 106 News
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