FIs rattled by NDX can tap $62b rescue fund – BOJ promises one-day liquidity approval

FIs rattled by NDX can tap $62b rescue fund – BOJ promises one-day liquidity approval

The financial rescue fund crafted by the Bank of Jamaica (BOJ) for liquidity and capital support has been launched initially with US$650 million seeded by the International Monetary Fund (IMF), but will be boosted further by an undisclosed sum after the IMF’s board signs off on the negotiated bailout programme.

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