Daily Brief: Jamaica On Course to Hit December IMF Targets – Dec 19, 2017

Hello, MoneyMax101 readers! Here’s your news update.

• Jamaica On Course to Hit December IMF Targets

  Nationwide 90FM / Jamaica – Mon Dec 18, 2017

  Jamaica remains on track to reach its December quantitative and indicative targets under the Precautionary Standby Arrangement, PSBA, with the International Monetary Fund, IMF. That’s according to a statement from the Economic Programme Oversight Committee, EPOC.

• S&P affirms Bahamas credit rating

  The Bahamas Investor / Bahamas – Mon Dec 18, 2017

  The US-based credit ratings agency, Standard & Poor’s (S&P), has affirmed The Bahamas’ sovereign credit rating while continuing to ascribe a “stable” long-term outlook to the Caribbean country due to the new government’s “solid mandate to facilitate economic and debt stabilization”. In its statement, S&P gave the Bahamas’ sovereign credit rating as BB+/B.

• Cuba boosts trade ties with Cold War ally Russia as US disengages

  Reuters.com / Cuba – Tue Dec 19, 2017

  Russian exports to Cuba jumped 81 percent on the year to $225 million in the January-September period, official Russian data shows. That is just a quarter of the exports of Cuba’s chief merchandise trading partner, China, but growing fast.

• JEP successfully closes $17 billion syndicated loan

  RJRNewsOnline.com / Jamaica – Mon Dec 18, 2017

  Jamaica Energy Partners (JEP), Jamaica’s largest Independent Power Provider (IPP), has announced the successful closing of a J$17 billion seven-year syndicated loan.