The IMF approves US$1.7 billion in funding for Jamaica under its Precautionary and Liquidity Line (PLL) and Resilience and Sustainability Facility (RSF)

The IMF approved US$1.7 billion in funding for Jamaica. Under the two year agreement the country will receive funds from the PLL as insurance against inflation, a global slowdown, and new COVID-19 outbreaks. They will also receive money to help strengthen Jamaica’s resilience to climate change, advance decarbonization efforts, and manage transition risks.