The latest IMF loan does not “rescue” Jamaica whose debt must be written off if its people are to take control of their economy Many people in Jamaica trembled as they read the financial press last week, telling them that their country is, again, due to be “rescued” by a loan package put together by [...]
What Went Wrong In Jamaica, How Will She Survive?
December 12, 2012 | Posted by
Today, we begin a new series, The Briefing, with Dr André Haughton. It will explain and discuss various issues, including challenges facing the economy. What’s the position, what went wrong? With current debt burden at about 130 per cent of gross domestic product (GDP); unemployment at its highest level in 20 years, a sliding Jamaican [...]
Jamaica Still Shackled By Debt
May 14, 2012 | Posted by
Debt-shackled Jamaica’s interest payments as a percentage of gross domestic product were the highest in the world last year even after a domestic debt restructuring two years ago, according to a Washington-based think tank. A new report on Jamaica’s economy by the Center for Economic and Policy Research says the heavily-indebted Caribbean country’s total interest [...]
