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IMF agreement delayed again
Wednesday, 27 January 2010
There has been yet another delay for Jamaica's application for US$1.3 billion in stand-by support to be considered by the International Monetary Fund (IMF).
The executive board of the IMF in Washington will not be examining the Jamaican government's Letter of Intent Wednesday as expected.
The Finance and the Public Service Minister made the announced in Parliament Tuesday night.
According to Audley Shaw, Jamaica's application will instead be considered in a week's time.
Mr. Shaw said the postponement of the IMF's review became necessary as a result of the feedback the government has been getting to its debt exchange programme.
"The Ministry of Finance has submitted to the IMF the preliminary results of the Jamaica Debt Exchange for circulation to the Fund's Executive Board in advance of the board meeting to consider Jamaica's stand-by arrangement. The IMF had advised that this meeting is expected to take place on Wednesday February 3 instead of the originally announced date of January 27," Mr. Shaw said.
<span style="font-weight: bold">wonda if di extradttion ting really have anyting fi do wid dese delays...naw.,...we all know dat di IMF /World Bank operate outside politrix
</span>
Wednesday, 27 January 2010
There has been yet another delay for Jamaica's application for US$1.3 billion in stand-by support to be considered by the International Monetary Fund (IMF).
The executive board of the IMF in Washington will not be examining the Jamaican government's Letter of Intent Wednesday as expected.
The Finance and the Public Service Minister made the announced in Parliament Tuesday night.
According to Audley Shaw, Jamaica's application will instead be considered in a week's time.
Mr. Shaw said the postponement of the IMF's review became necessary as a result of the feedback the government has been getting to its debt exchange programme.
"The Ministry of Finance has submitted to the IMF the preliminary results of the Jamaica Debt Exchange for circulation to the Fund's Executive Board in advance of the board meeting to consider Jamaica's stand-by arrangement. The IMF had advised that this meeting is expected to take place on Wednesday February 3 instead of the originally announced date of January 27," Mr. Shaw said.
<span style="font-weight: bold">wonda if di extradttion ting really have anyting fi do wid dese delays...naw.,...we all know dat di IMF /World Bank operate outside politrix
</span>
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