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Jamaica at risk if global interest rates rise – World Bank

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  • #1

    Jamaica at risk if global interest rates rise – World Bank

    Jamaica at risk if global interest rates rise – World Bank

    9:17 am, Thu June 13, 2013






    The World Bank said Jamaica is among countries that could face extreme risks in the event that global interest rates begin to rise. The World Bank on Wednesday said monetary tightening in advanced economies could cramp growth in emerging markets as interest rates rise, lowering their potential output by as much as 12 per cent.
    Its Chief Economist Kaushik Basu said long-term risk is greater in emerging market currency and bond markets, as traders try to position themselves for when the US Federal Reserve begins its exit from ultra-loose monetary policies.
    The World Bank said the risk is especially high for countries such as Egypt, Jamaica and Pakistan that have run up high debt in a time of low interest rates.
    It added that if interest rates surge suddenly, these countries would face sharply higher debt servicing costs that they may not be able to manage.
    • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.
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  • #2
    JDX coming home to roost , its nothing more than a ARM loan .One of the principle reason for the real estate crash.
    THERE IS ONLY ONE ONANDI LOWE!

    "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


    "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

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    • #3
      PNP get basket fi carry water and dem hand chop off!

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      • #4
        PNP ask to carry it , now dem muss deal wid it and they havent a clue ,like their predecessors, you dont find it amusing after all the hoopla about IMF agreement , mi almost drap down , its like a national holiday , all the IMF heads are predicting doom and gloom , every bloody economist is predicting default.

        BTW interest have been rising for the past 6 weeks , it will soon rise internationally.

        Dem deserve it.
        THERE IS ONLY ONE ONANDI LOWE!

        "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


        "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

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        • #5
          What you mean by that? JDX saved 40 Billion dollars. JDX doesn't include the external loans. JDX have nothing to do with this. If you read what the world bank said it is loan borrowed at high price during good times. Without JDX and now NDX we would have gone under already. Omar was the main culprit here.
          All JDX did was shave the rate on internal loans.
          Something some of us have been talking about.
          • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

          Comment

          • #6
            The first JDX was classified as successful, yet the country finds itself in a JDX2. What is the measuring stick for a successful JDX2? What are the long-run objectives of the country? Will we find ourselves seeking a JDX3 in 2015?
            THERE IS ONLY ONE ONANDI LOWE!

            "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


            "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

            Comment

            • #7
              X it was successful. Is like I have borrow 200,000 dollar at 10 percent and I go to the person I borrow it from and say I no longer can pay the 10 percent instead I will pay 4 and he said that is ok.

              Something that is happening in real estate frequently now. You still owe 200,00 but your monthly payment is lower, it doesn't mean you don't owe anything. So it is still successful.

              Government still have external bonds and others paying at high interest rate and still owe the principal
              • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

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              • #8
                Yup crazy.

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                • #9
                  They squandered the oppotunity.

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                  • #10
                    what's new??? LOL
                    • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

                    Comment

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