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Now this is how you deal with IMF

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  • Now this is how you deal with IMF

    St KINGSTON, Jamaica -- The fiscal situation and performance of the economy in St Kitts and Nevis has steadily improved over the last few years and has allowed for the return of US$40 million loan to the International Monetary Fund (IMF), the St Kitts and Nevis Information Service said Friday.Kitts and Nevis to return US$40m to IMF

    http://www.jamaicaobserver.com/news/...-US-40m-to-IMF
    • 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.

  • #2
    Just read it myself. Well done St Kitts!

    I guess some people use the IMF to fix their problems and other blame the IMF for all their problems.
    "‎It is easier to build strong children than to repair broken men" - Frederick Douglass

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    • #3
      Wonder how much the selling of citizenship has contributes to this ?

      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
        That Sir has everything to do with cutting loose the IMF.

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        • #5
          Don't know but if it is a significant part of it then I would suggest we start printing certificates immediately.

          When last have we had a report like this? The 80s? The 60s? Certainly not in the last 25 years.

          "At the completion of the ninth and final review by the IMF this week, a positive report was delivered as it showed a 3.8 per cent economic growth, a surplus of 12.2 per cent of GDP, as well as a 61 per cent reduction in public debt to 104 per cent of GDP".

          Debt reduction is also reportedly “on a sustainable path, projected to reach a low of 60 per cent of GDP in a few years”.
          Last edited by Islandman; May 24, 2014, 10:49 AM.
          "‎It is easier to build strong children than to repair broken men" - Frederick Douglass

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          • #6
            Originally posted by Gamma View Post
            Wonder how much the selling of citizenship has contributes to this ?
            It's not sugar cane so wonder no more.
            The same type of thinking that created a problem cannot be used to solve the problem.

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