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Jamaica To Get $1.25 Billion IMF Loan
The International Monetary Fund will offer the sum over a period of 27 months.
The International Monetary Fund is planning to lend $1.25 billion to Jamaica, The Wall Street Journal reports. The agency will offer the sum over a period of 27 months.
The stand-by arrangement will be commenced by the IMFs executive board within the next few weeks. The debt should assist the country in obtaining another $1.1 billion in funding from other international sources.