Days after International Monetary Fund Chief, Christine Lagarde, gave the thumbs up to the country’s progress under the IMF programme Jamaica has received a vote of confidence from international investors. That confidence helped Jamaica raise US$800m in a bond offer Monday. A release from the Finance Ministry indicated that the original aim was to raise US$500m, but the offer was up sized to US$800m based on investor response. Investors had shied away from lending money to Jamaica in the aftermath of the failure of the 2010 IMF deal.
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In new show of confidence international bond offer raise US$800m
