BOJ propping up Government – $23b of support in two months

Jamaica Gleaner: “BOJ propping up Government – $23b of support in two months”

Dr Omar Davies’ charge that a $3 billion advance to government by the Bank of Jamaica (BOJ) in November was unsecured funds that amounted to the printing of money, has been followed by an admission from the central bank that its support to the Golding administration reached $23.1 billion in the past two months.

Jamaica Observer: “IMF debt not manageable”

GOVERNMENT cannot repay the International Monetary Fund (IMF) standby arrangement without increased productivity to offset its declining revenues, say analysts.

Jamaica Observer: “J’ca burdened with $115b in new taxes over 6 years”

FINANCIAL analyst Dennis Chung says that Jamaicans have been taxed an additional $115 billion over six years to grow the debt and not the economy.