The Government of Jamaica is to reduce guaranteed debt and other public debt by at least one per cent or $16 billion by early next year.
That's the indication given in the latest update on the country's programme with the IMF.
The report says the scheduled reduction in the public debt through asset swaps and sales as well as a reduction in guarantees are progressing in line with expectations.
The IMF says the Government has so far established the legal and administrative processes involved in carrying out the plan
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