The International Monetary Fund (IMF) will continue to operate its offices in Jamaica for an additional two years, after its S$1.6-billion Precautionary Stand-By Arrangement with the island comes to an end in November.

According to the Jamaica Gleaner, Jamaica Gleaner – entered into a four-year US$932-million Extended Fund Facility with the IMF in 2013.

That arrangement ceased in 2016 and was replaced by the Stand-By Arrangement.

IMF Resident Representative, Constant Lon-keng N-gouana, addressing the Rotary Club of St Andrew weekly meeting on Tuesday, further disclosed that the organisation – will also be providing Jamaica with technical support for institutional and capacity-building in key ministries, departments and agencies through training, among other inputs.

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