Jamaica Gleaner: “JDX won’t tame the next Budget – Debt servicing to top $306b, total spending $553b in 2010/11”
EVEN AFTER major re-structuring of the country’s domestic debt, the Jamaican Government is projecting a debt-servicing bill of $306.5 billion in 2010/11, suggesting a $27.4 billion or nominal 10 per cent hike on the cost of servicing its debt for the fiscal year that ends on March 31.
Jamaica Gleaner: “BOJ still bankrolling Gov’t – But not for the long haul, says governor”
DESPITE ADVANCING more than $36 billion to the Government since November, and its continued gobbling up of GOJ securities shunned by private investors, the Bank of Jamaica (BOJ) was this week contending that it would soon be reining in such support.
Jamaica Observer: “JDX among the world’s best, says BOJ boss”
At 97 per cent compliance, the Jamaica Debt Exchange (JDX) is among the most successful debt swapping initiatives in the world, according to Bank of Jamaica Governor Brian Wynter.