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Jamaica restarting talks with IMF
Wednesday, 11 January 2012
Jamaica's government, headed by prime minister Portia Simpson Miller, is to hold talks with the IMF (AP/Collin Reid)
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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 towering debt and the impact of the global recession led the previous government to seek assistance from the IMF in 2010.
The then-governing Jamaica Labour Party rarely disclosed specifics about the agreement's progress.
The Labour Party was soundly defeated in elections last month by the People's National Party.
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