Tweet
All who nuh deh pon di JEEP bettah start push.. uphill !
<"Financial assistance from multilaterals was there to support public finances, but a renegotiation with the IMF should put this on hold. Time will be too short because the underlying fiscal position has grown weaker due to a slow recovery in revenue and the authorities' inability to rein in primary spending as needed," said the global financial services company, which is operational in more than 40 countries.
"This will be exacerbated by continued stagnant GDP growth and high unemployment which will be further squeezed by the uncertainty brought by the regime change and external risk, particularly the faltering US recovery, which could reduce tourist arrivals and export demand."
The Swiss company, meantime, predicts that the IMF will "bend little" and attempt to hold Jamaica to the Fiscal Responsibility Framework agreed under the SBA to lower the debt to GDP ratio.
The debt targets "will require significant and sustained fiscal effort through tough tax increases, expenditure control, including unpopular cuts in public employment, as well as divesting loss-making state companies," UBS said.>
<"Financial assistance from multilaterals was there to support public finances, but a renegotiation with the IMF should put this on hold. Time will be too short because the underlying fiscal position has grown weaker due to a slow recovery in revenue and the authorities' inability to rein in primary spending as needed," said the global financial services company, which is operational in more than 40 countries.
"This will be exacerbated by continued stagnant GDP growth and high unemployment which will be further squeezed by the uncertainty brought by the regime change and external risk, particularly the faltering US recovery, which could reduce tourist arrivals and export demand."
The Swiss company, meantime, predicts that the IMF will "bend little" and attempt to hold Jamaica to the Fiscal Responsibility Framework agreed under the SBA to lower the debt to GDP ratio.
The debt targets "will require significant and sustained fiscal effort through tough tax increases, expenditure control, including unpopular cuts in public employment, as well as divesting loss-making state companies," UBS said.>
Comment