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URGENT ¥¥¥ IMF agrees on $750 mn loan to Jamaica

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(Globalpost/GlobalPost)

The International Monetary Fund announced Friday it had reached an agreement with Jamaica for a fresh $750 million loan, after the Caribbean country launched a crucial debt swap earlier this week.

"The mission has reached a staff-level agreement with the Jamaican authorities on the key elements of an economic program that can be supported by a 48-month arrangement under the Extended Fund Facility," the IMF said in a statement.

pmh/sst

http://www.globalpost.com/dispatch/news/afp/130215/urgent-imf-agrees-750-mn-loan-jamaica