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Jamaica: Simpson-Miller administration restarting talks with IMF
Thursday, January 12, 2012
Jamaica’s new government is restarting talks with the International Monetary Fund (IMF).
A statement from the finance ministry said an IMF delegation will visit Jamaica starting on January 17.
It said the parties will discuss ways for a formal relationship to continue. A standby agreement expires in May.
Jamaica’s debt and the impact of the global recession led the previous government to seek assistance from the IMF in 2010.
The then-governing Jamaica Labor Party (JLP) rarely disclosed specifics about the agreement’s progress.
The Labor Party was soundly defeated in elections last month by the People’s National Party (PNP).
Copyright 2012 The Press Association.
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