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IMF first quarter test result this Thursday

Published:Tuesday | August 20, 2013 | 5:21 PM

Jamaicans are expected to know on Thursday how the country fared in the first quarterly test under the deal with the International Monetary Fund (IMF).



A team from the multilateral lending agency has been reviewing targets for the April to June quarter.



Finance Minister Dr. Peter Phillips has called a press conference for Thursday to update the country on the IMF review.



In May, the board of the IMF approved a US$950 million four-year extended fund facility for Jamaica.



Under the deal, Jamaica is required to undertake, among other things, fiscal consolidation, wage restraint and a reduction in public debt.



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