Jamaica Observer: “Jamaica’s downgrading will not affect the funding of the budget – Ross”
Jamaica’s rating downgrade will not affect the financing of the budget as it will be funded mainly with internal or donor agency funds, says Dr Carl Ross, managing director of Oppenheimer Atlanta.
Jamaica Observer: “If you were Minister of Finance how would you spur growth in Jamaica?”
It is generally acknowledged that the Jamaican economy is in the doldrums and already the rating agencies have downgraded the country. Jamaica’s public debt is now at J$1.2 trillion and its fiscal and trade deficit are at nightmare proportions.