Jamaica asks for loan delay
NZPA-Reuter Kingston, Jamaica The Jamaican Prime Minister (Mr Michael ’Manley) has said that Jamacia has started negotiations, with its main commercial creditors for a five-year deferment of $lB6 million in loans due to expire before 1985. Mr Manley also outlined an alternative economic path for Jamaica which last week cancelled negotiations with the International Monetary Fund on bridging its trade deficit. ' ’
' A deferment in repaying the loans would allow Jamacia to launch several export-boost-ing programmes and to reduce its imports, Mr Manley told a press conference.
The Prime Minister said debts with the I.M.F. and other institutions and Government - guaranteed debts would also be renegotiated. Jamaica forfeited a $240 million I.M.F. loan in December because it failed to meet the fund’s conditions and the ruling People’s National Party has said the fund’s conditions for continued aid were unacceptable.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19800401.2.63.2
Bibliographic details
Press, 1 April 1980, Page 8
Word Count
143Jamaica asks for loan delay Press, 1 April 1980, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.