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IMF Brings Confidence
IMF BRINGS OPTIMISM
Business execs happy with JDX
BY PATRICK FOSTER Observer writer fosterp@jamaicaobserver.com
Thursday, January 28, 2010
BUSINESS leaders were yesterday in consensus that the recently introduced Jamaica Debt Exchange (JDX) is a positive economic measure, but cautioned that Government had to curb its appetite for funds in order for the initiative to be effective.
Jamaica Money Market Brokers (JMMB) boss Keith Duncan, while throwing his support behind the debt exchange initiative, said that he would not have had confidence in the move if the International Monetary Fund (IMF) was not involved.
"The only reason I was confident is because the IMF is behind it," Duncan remarked at a luncheon meeting hosted by Observer Chairman Gordon 'Butch' Stewart at the newspaper's Beechwood Avenue head office in Kingston.
"If it was left up to us, I would not have the confidence that we could have done it," Duncan said.
He argued that the JDX should have been done long ago but there was neither political nor national will.
http://www.jamaicaobserver.com/news/...-28-pr_7366194
Business execs happy with JDX
BY PATRICK FOSTER Observer writer fosterp@jamaicaobserver.com
Thursday, January 28, 2010
BUSINESS leaders were yesterday in consensus that the recently introduced Jamaica Debt Exchange (JDX) is a positive economic measure, but cautioned that Government had to curb its appetite for funds in order for the initiative to be effective.
Jamaica Money Market Brokers (JMMB) boss Keith Duncan, while throwing his support behind the debt exchange initiative, said that he would not have had confidence in the move if the International Monetary Fund (IMF) was not involved.
"The only reason I was confident is because the IMF is behind it," Duncan remarked at a luncheon meeting hosted by Observer Chairman Gordon 'Butch' Stewart at the newspaper's Beechwood Avenue head office in Kingston.
"If it was left up to us, I would not have the confidence that we could have done it," Duncan said.
He argued that the JDX should have been done long ago but there was neither political nor national will.
http://www.jamaicaobserver.com/news/...-28-pr_7366194
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