Three-year deal eyed with IMF - Lead Stories - Jamaica Gleaner - Friday | May 25, 2012: "FINANCE AND Planning Minister Dr Peter Phillips says the country has made substantial progress towards a full re-engagement with the International Monetary Fund (IMF), signalling that the new agreement will extend over three years.
"Our relationship with the IMF stands at the centre of our economic recovery programme since our interest at this time is best served by entering into an agreement with the IMF," he said yesterday during his opening presentation in the Budget Debate.
Describing the IMF talks as "much more than a negotiation", Phillips said the dialogue, to date, was also aimed at crafting a macroeconomic programme that would balance the "urgent need to tackle our greatest vulnerability - that is the debt"."
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