KINGSTON, Jamaica - We are not as concerned as most that Jamaica hasn't yet concluded a borrowing agreement with the International Monetary Fund (IMF). For failure to conclude a deal will further narrow our options in the financial markets and perhaps force us into a cold-turkey kicking of our borrowing habit. Our greater fear is that the Government lacks the will to implement the policies that, with or without an IMF agreement, will be necessary if Jamaica is not to be sucked irretrievably deep into a fiscal black hole around which we have thrashed for too long.

KINGSTON, Jamaica, CMC – Prime Minister Portia Simpson Miller says it is “necessary” for Jamaica to secure an agreement with the International Monetary Fund (IMF) as her Cabinet ended the first day of a three-day meeting here.

KINGSTON, Jamaica - MR Delano Franklyn may well be right. Perhaps the Chicago Tribune was unfair in its adverse characterisation of the Jamaican economy, using Greece as a sort of measuring stick.
What is not in question, though, is that our economy is in an awful state — badly in need of restructuring. This, as a result of a downward spiral of goods production, in per capita terms, matched by an insatiable appetite for a lifestyle well above our means, over many, many years.

KINGSTON, Jamaica - WITH SPECULATIONS rife over whether Venezuela would continue the PetroCaribe arrangement if Hugo Chávez is replaced as president, Jamaica's energy minister says willpower such as the ailing leader's is a necessary ingredient to the survival of the deal.
"I think there is commitment on the part of the administration (to continue it), but because there was opposition domestically. It does require a strength of character that President Chávez has to see it through, cause it what it will," Energy Minister Phillip Paulwell told The Gleaner yesterday.

KINGSTON, Jamaica - YESTERDAY the Chicago Tribune (President Obama's major hometown newspaper and one of the top five newspapers in the US) wrote an editorial with the title "Jamaica's Debt Hurricane", subtitled "The Greece of the Western Hemisphere". The editorial argued that Jamaica, like Greece, "illustrates the catastrophic effects of borrowing way too much, and the painful choices that follow".