Downgrade sends GOJ bond prices spiralling downward, again


Jamaica Observer: “Downgrade sends GOJ bond prices spiralling downward, again”

Government of Jamaica (GOJ) global bond prices have dipped over the week since Standards and Poors (S&P) downgraded Jamaica’s debt, but the local financial sector should fare far better than in late 2008, when downward spiralling bond prices and subsequent margin calls sent domestic firms scrambling to find some US$300 million to meet margin calls.


Jamaica Observer: “Reforms needed to boost productivity, says PSOJ head”

Private Sector Organisation of Jamaica (PSOJ) president Joseph M Matalon yesterday outlined a slate of measures surrounding fiscal and regulatory reforms that he believes would lead to greater productivity in Jamaica, which among other things, have been dragged down by the Government’s burgeoning debt.

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