Zacca: Jamaica heading for economic crisis without IMF deal
KINGSTON, Jamaica - PRIVATE Sector Organisation of Jamaica (PSOJ) President Christopher Zacca says Jamaica will be diving deep into an economic crisis if the country continues to be without an International Monetary Fund (IMF) agreement.
What's more, Zacca figures that the longer it takes to seal a deal, the closer the country will get to falling over its own fiscal cliff.
"Any person [who] suggests that a Plan B without the IMF, at this point, is a viable alternative for our country is not thinking straight," said Zacca at a Lions Club of Kingston luncheon yesterday. "Such a train of thought risks plunging us into the abyss and significantly hurting all of us -- most of all, the most vulnerable of us, the poor, the marginalised, and the aged."
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