Jamaica Needs to Wait for 2010 for New IMF Arrangement

    There will not be a new standby agreement between the International Monetary Fund and Jamaica before the year ends, according to the fund's mission chief in the Caribbean nation.

    "The current timetable envisages that the IMF's executive board would consider Jamaica's SBA early in the new year," Trevor Alleyne said in a statement obtained by The Gleaner.

    Allyne said the fund is closely coordinating with the government as it finalizes the country's economic program in a letter of intent. This document, he added, will be subject to review by the IMF management.

    About the author

    • Eliza Villarino

      Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.