‘We need a plan’ – Sagicor boss says Jamaica’s ‘corner shop’ economy holding nation back


Jamaica Gleaner: ‘We need a plan’ – Sagicor boss says Jamaica’s ‘corner shop’ economy holding nation back

Jamaica is lagging behind because it has no plans to solve its economic and social problems and create an environment in which the country’s potential can be realised, says the head of the island’s largest life insurance company.

Prime Minister outlines approach to tackle interest rates


Jamaica Gleaner: “Prime Minister outlines approach to tackle interest rates”

JLP leader and Prime Minister Bruce Golding has outlined a four-pronged approach to tackle the financial problems now affecting the country. The approach involves policy measures to support fiscal and debt-management programmes as part of the requirements for an International Monetary Fund agreement.


Jamaica Gleaner: ” ‘We will pay’ – Debt before dishonour, Golding promises”

Prime Minister Bruce Golding yesterday gave the assurance that his administration would not renege on its debt-paying obligations, despite the snail’s-pace crawl to a reinstated borrowing arrangement with the International Monetary Fund (IMF).

How bad can it get!


Jamaica Observer: How bad can it get!

Earlier this week, the international rating agency Moodys weighed in on Jamaica, pronouncing that its fiscal situation was perilous and that funds from an IMF Standby Agreement would not be the answer to Jamaica’s problems, thus adding its voice to a chorus of damming assessments on the state of the Jamaican economy.


Jamaica Observer: “US economy will grow in the final quarter of 09 – Obama”

President Barack Obama predicted Wednesday that the United States economy would grow again in the final quarter of 2009, pulling further out of a long and crippling recession.


Jamaica Observer: “Increased World Bank funding for Jamaica”

Jamaica and the World Bank are currently in close collaboration which could see the bank providing US$100 million in budgetary support to the country early next year.