Jamaica’s impending return to the International Monetary Fund (IMF) could make it an opportune time to re-examine opportunities in the stock market.
CARIBBEAN COMMUNITY (CARICOM) Chairman Bharrat Jadgeo has expressed fear that regional nations will take longer than their developed counterparts to recover from the effects of the global economic crisis.
The Caribbean Community (CARICOM) has announced that it intends to approach multilateral lending agencies with proposals for debt relief and loan refinancing.
Jamaica’s commercial banks have a combined loan portfolio worth J$100 billion more than the value of their combined investment portfolio – a departure from the historial reliance on investment instruments such as Treasury bills – signalling a shift towards rebalancing an appetite for government paper with the core activity of lending.
In his presentation to the Roxborough Institute last week, former Jamaican Prime Minister and Finance Minister Edward Seaga correctly noted that Jamaica has been in one continuous crisis of no growth, low growth or negative growth for nearly four decades.