Head of Delegation of the European Union (EU) to Jamaica, Ambassador Marco Mazzocchi Alemanni, says Jamaica is doing better than some other countries in the region, and across the world, as a result of the Government's determination to tackle the debt burden.
Citing the Jamaica Debt Exchange (JDX) programme introduced by the Government earlier this year, he pointed out that it was considered one of the most successful programmes of its kind, worldwide.
The JDX programme is a voluntary swap of approximately $700 billion in domestic debt for lower-priced bonds with extended maturity dates, which would save the Government an estimated $40 billion in debt servicing charges.
Read more at ..
http://www.jis.gov.jm/finance_planni...__ALEMANNI.asp
Citing the Jamaica Debt Exchange (JDX) programme introduced by the Government earlier this year, he pointed out that it was considered one of the most successful programmes of its kind, worldwide.
The JDX programme is a voluntary swap of approximately $700 billion in domestic debt for lower-priced bonds with extended maturity dates, which would save the Government an estimated $40 billion in debt servicing charges.
Read more at ..
http://www.jis.gov.jm/finance_planni...__ALEMANNI.asp
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