Advertisements
You are here
Jamaica to Get US$170 Million from IMF, Making Total Available to Jamaica US$574 Million

Jamaica to Get US$170 Million from IMF, Making Total Available to Jamaica US$574 Million

Kingston, Jamaica (McN) – Jamaica has met the benchmark targets under the International Monetary Fund (IMF) Standby Agreement; and is expected to receive US$170 million at the end of April.

Mr. Audley Shaw, Finance Minister who announced this on Friday morning after the first IMF review under the Standby Agreement, stated:




“The IMF executive board is scheduled to consider the review under the precautionary standby arrangement since April of 2017. The board approval, once granted, will allow the release of SDR$127 million (approximately US$170 million), which when added to the amount approved in November of last year, will make available approximately US$574 million available to Jamaica, in the event that it is needed,” Mr. Shaw announced.


(Visited 40 times, 1 visits today)

Please Scroll Down to Comment


We want to hear from you, contact the editor Here for correction of this news. Be a volunteer Mckoy's News Community Journalist: contact us with news in your community, events, and opinion articles - be our eyes in the street, contact mckoysnews@gmail.com or WhatsApp 1-876-353-1389 today.

Written by 

McKoy’s News brings you Jamaica News Today, Breaking Jamaica News, Jamaica News, Jamaican Business News, Latest Jamaica News, Jamaican Entertainment News, Jamaican News, Jamaican Sports News, Education News in Jamaica, Jamaican Music, Jamaican Videos, Politics in Jamaica, Reggae, Dancehall and more than just news.

Related Posts

WordPress Backup