New debt exchange – PM, Phillips plead for buy-in to economic plan
CASH-STRAPPED, debt-ridden and struggling to stay afloat, Jamaica is to embark on a second debt-exchange programme starting today.
Jamaica’s Fiscal Cliff?
Jamaica’s fiscal cliff? – Gov’t faces Feb deadline to find $118 billion
NO deadline for finalising an International Monetary Fund (IMF)Â deal has been made public. However, come February 24 the Government will have to find US$320Â million in hard currency to pay its creditors, along with a more staggering $88Â billion in local currency.
Jamaica Labelled The ‘Greece Of The Western Hemisphere’
Jamaica Labelled The ‘Greece Of The Western Hemisphere’
 A leading United States newspaper today said that Jamaica’s debt crisis is in a worse financial shape than Greece and suggested that the Portia Simpson Miller administration consider a bailout plan with significant debt relief.
Statement by Minister of Finance on IMF Negotiations
Statement from Finance and Planning Minister, Dr. Peter Phillips on IMF Negotiations
On assuming office, one of the most urgent priorities of this Administration was to reopen the line of communication with the IMF and negotiate a new agreement that would satisfy the interest of Jamaica’s economic recovery as well as the board of the IMF.