News

Feb 13, 2013

KINGSTON, Jamaica, Observer - WE have a sense that the Government's version of JDX, being called the National Debt Exchange Offer, is a smart way to squeeze $17 billion annually out of the system, without sending the nation into panic. We will return to this tomorrow in this space. But at the same, we also have the sense that Monday night's national broadcast by Prime Minister Portia Simpson Miller and Finance Minister Dr Peter Phillips, which announced the JDX 2, has to be followed soon by a deeper effort to mobilise the nation around resolving our debt issue and raising revenues. The format of the announcement -- an unprecedented joint broadcast -- suggested that the Administration would be coming with radical solutions to our stubborn and protracted economic problems. We had expected something that would capture the imagination of a Jamaican populace tired of hearing pie-in-the-sky promises that are never more than that -- empty promises.

Related News

Caricom
In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4...

In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4-7 July, the 18th meeting of the Bureau of the Conference of Heads of Government of the…

admin
Caricom
NATURAL DISASTER IMPACT MITIGATION: STRENGTHENING NATURAL DISASTER WARNING SYSTEMS ACROSS VULNERABLE...

The tremendous loss of life and destruction caused by the earthquake and tsunami in the Indian Ocean region on 26 December 2004 have shocked the world at large and shattered the lives of many…

admin
Portrait,Of,Happy,Successful,Multiracial,Business,Team,Standing,With,Digital
CARICOM Secretariat, IMPACS webinar focuses on ‘Youth as Agents for Change in Crime Prevention’

‘Youth as Agents for Change in Crime Prevention’ will be the focus of a webinar that the Caribbean Community (CARICOM) Secretariat and the CARICOM Implementation Agency for Cr

mnurse