KINGSTON, Jamaica (AP) -- Jamaica's new government says it is restarting talks with the International Monetary Fund.
A Tuesday statement from the finance ministry says an IMF delegation will visit Jamaica starting Jan. 17. It says the parties will discuss ways for a formal relationship to continue. A standby agreement expires in May.
Jamaica's towering debt and the impact of the global recession led the previous government to seek assistance from the IMF in 2010. The then-governing Jamaica Labor Party rarely disclosed specifics about the agreement's progress.
The Labor Party was soundly defeated in elections last month by the People's National Party.
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