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"Minister of Finance Audley Shaw has overseen a game changer that has resulted in the implementation of the Jamaica Debt Exchange (JDX) which is in effect a debt swap designed to lower the country's interest payments on its debts. What has followed is a revaluation of the currency, a healthy Net International Reserve (NIR) figure, single digit inflation and lower interest rates. In effect Shaw has presided over the stabilising of the economy and has positioned it for growth."
"Unlike many European countries, Jamaica has chosen to not to go to the capital markets, opting to borrow from the multilateral agencies and placing itself under a disciplined fiscal regime sanctioned by the IMF which has approved Jamaica's fiscal management twice already this year. The rating agency Fitch is anticipating fierce competition for funds on the world's financial markets as European banks and states are expected to seek 455 billion euros from investors in the second half of this year and between 900 and one trillion euros a year in 2011 and 2012. Greece, Ireland, Portugal and Spain, struggling with big deficits and public debt burdens, have recently met two thirds to three quarters of their funding needs through sovereign bond issues.
Shaw has decided to forgo this route choosing to address Jamaica's debt mountain head on by reducing it rather than adding to it."
Wheh yuh seh DumOne.. dis must be the Silicon Valley Economist issue..
Mosiah..1/3rd mek Omar look like a Geography Professor.. what-a-gwaan ?
Annedda 2 Terms of Drivah and di Team should do it.. di PNP dem nuh easy, but not even dem coulda mash up dat 10 year foundation.. right ?
"Unlike many European countries, Jamaica has chosen to not to go to the capital markets, opting to borrow from the multilateral agencies and placing itself under a disciplined fiscal regime sanctioned by the IMF which has approved Jamaica's fiscal management twice already this year. The rating agency Fitch is anticipating fierce competition for funds on the world's financial markets as European banks and states are expected to seek 455 billion euros from investors in the second half of this year and between 900 and one trillion euros a year in 2011 and 2012. Greece, Ireland, Portugal and Spain, struggling with big deficits and public debt burdens, have recently met two thirds to three quarters of their funding needs through sovereign bond issues.
Shaw has decided to forgo this route choosing to address Jamaica's debt mountain head on by reducing it rather than adding to it."
Wheh yuh seh DumOne.. dis must be the Silicon Valley Economist issue..
Mosiah..1/3rd mek Omar look like a Geography Professor.. what-a-gwaan ?
Annedda 2 Terms of Drivah and di Team should do it.. di PNP dem nuh easy, but not even dem coulda mash up dat 10 year foundation.. right ?
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