Jamaica is optimistic about tide-over loans

Jamaica is negotiating with commercial banks for $40 million needed to ensure adequate supplies of food, raw materials, spare parts, and capital goods for the rest of 1980, Prime Minister Edward Seaga said. He said negotiations for a 180 -day letter of credit were at an advanced stage and he was optimistic about the outcome. He also confirmed reports that the government was holding talks with the International Monetary Fund. He said Jamaica was eligible for about $600 million in IMF loans over three years.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK