Jamaica To Get $1.25 Billion IMF Loan

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 IMF’s 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.