Grund
"In a press statement released on Monday night, an IMF spokesman said that a Fund mission is currently in Kingston and discussions on a Stand-By Arrangement are ?continuing to make progress.? This is the first public statement made by the IMF since Jamaica approached the Fund in early May and comes on the heels of Central Bank Governor Latibeaudiere?s?the lead negotiator on a possible US$1.2 billion IMF Stand-By Arrangement?resignation last Friday. While IMF spokesman Andreas Adriano did not provide any details regarding the program, he noted that authorities are ?examining a range of policy options? that could be supported under an IMF program. The Fund mission will provide an update on the discussions by the end of the week. We welcome the IMF statement, especially in light of the recent developments (the CB governor?s resignation and Monday?s S&P downgrade of Jamaica to CCC) as it reduces uncertainty about the status of the IMF talks. We remain hopeful that an IMF agreement will be in place this month and stay marketweight Jamaica in our EMBIG model portfolio."
"Jamaica`s severe fisval situtation as well as the vulnerabilities in the government´s debt profle may give it icentives to negociate with its creditors particularly its resident creditiors that hold the larger bulk of jamaican debt" S&P said in a statement..."
quelle: bondboard.de
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