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Lazie, please help me to understand.....

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  • Lazie, please help me to understand.....

    ...why borrowing from the IMF is a good thing?

    I notice some folks a kin-puppa-lick that Jamaica MAY be gettin' even more than anticipated.

    Second part of my question: Where does the money comes from for repayment of this loan?

    (Please KISS your answer)

    Thanks in advance.
    The only time TRUTH will hurt you...is if you ignore it long enough

    HL

  • #2
    Originally posted by HL View Post
    ...why borrowing from the IMF is a good thing?

    I notice some folks a kin-puppa-lick that Jamaica MAY be gettin' even more than anticipated.

    Second part of my question: Where does the money comes from for repayment of this loan?

    (Please KISS your answer)

    Thanks in advance.
    (Please KISS your answer)???? Huh? Don't understand what that mean.

    When the G7 or G20 met in London in 2008, they agreed to make more money available to the IMF so they could support countries struggling through the then economic crisis. With the IMF's agreement, other multilaterals will come on board and provide loans at a lower rate than on the financial markets.

    How to pay back? The ecomomy need to grow to basically get us out of this rut. We already hearing certain financial analysts expressing doubt that the targets will be met. We will see.

    As for Don1 and Mosiah (oh wait you didn't call any names) and the "kin-puppa-lick" you have see with them. They supported this gov't being elected and seeing how inept they have been since taking office, they see this as a massive achievement.
    Last edited by Lazie; April 9, 2013, 02:46 PM.
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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    • #3
      Keep it simple stupid

      Infidelity does not consist in believing, or in disbelieving; it consists in professing to believe what he does not believe. Thomas Paine

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      • #4
        Originally posted by Gamma View Post
        Keep it simple stupid
        Whew!!! Had me worried for a minute.
        "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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        • #5
          Or; Keep It Sweet & Simple
          The only time TRUTH will hurt you...is if you ignore it long enough

          HL

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          • #6
            Your quote: "The ecomomy need to grow to basically get us out of this rut".

            Good luck to all involved. And thanks for keeping it sweet & simple!!
            The only time TRUTH will hurt you...is if you ignore it long enough

            HL

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            • #7
              No, the first one applies for Lazie!



              BLACK LIVES MATTER

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