Jamaica passes 5th IMF test, to get $US68.8 under agreement
KINGSTON, Jamaica – Jamaica can now access roughly US$68.8 million in loan following a successful review of the economy by the Executive Board of the International Monetary Fund (IMF).
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The IMF’s Growthless ‘Recovery’
The IMF’s Growthless ‘Recovery’
Christine Lagarde came calling last month. And in an uncharacteristically celebratory tone, she hoisted Jamaica as a shining example of how an economy in recovery should be managed.
Interest rates on business loans surge
Interest rates on business loans surge
Strong demand for local currency loans and tight Jamaican dollar liquidity have driven interest rates charged on business loans by as much as six percentage points since the start of the year.
Press Release Statement by IMF Managing Director: Visit to Jamaica
IMF Press Release:
Statement by IMF Managing Director: Visit to Jamaica