The IMF last week reached a tentative agreement on a USD2.35 billion aid package for Jamaica. IMF Managing-Director Dominique Strauss-Kahn said an economic program supported by a USD1.25 billion loan under a 27-month stand-by arrangement was agreed. Approval of the program was expected to catalyze about USD1.1 billion in funding from other international financial institutions, he said. The IMF said the program would focus on fiscal consolidation, debt management and financial reforms. Streamlining spending and reducing interest payments would free up more of Jamaica's resources for such things as education and infrastructure investments, Strauss-Kahn said. (AFP, Reuters)

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