Finance Minister says government wants to avoid capital markets

KINGSTON, Jamaica, CMC – The Jamaica government says it will avoid seeking funding from the capital markets for as long as is possible, as it continues to exercise strict fiscal management.
“It’s a situation that we keep under review…we are trying to remain outside of the need to go to the capital markets for as long as possible…what we want to do is demonstrate not only a capacity to live within our means, but to finance ourselves from identifiable resources from the multilaterals, to the fullest extent possible,” Finance Minister Dr. Peter Phillips said.
He said Jamaica should be able to meet major scheduled debt payments for the next calendar year, without having to go to the international capital markets.