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according to the politicians, Jamaiaca has repaid in total its money owed to the IMF.
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Re: jamaica has paid off it's IMF loans
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Re: jamaica has paid off it's IMF loans
bold face lie [img]/forums/images/graemlins/704555_dwl.gif[/img]Comment
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Re: jamaica has paid off it's IMF loans
This would be the second time we've done it that I know of. Last time, Gilbert got us right back at square one...let's pray this doesn't happen again.Comment
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Re: jamaica has paid off it's IMF loans
o, now mi memba, datta di day dem wey rab petaComment
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Re: jamaica has paid off it's IMF loans
Story posted April 06, 2005
No more IMF debt
Eight years after Jamaica ended its borrowing relationship with the International Monetary Fund (IMF) the government has totally repaid its debt to that organization.
Finance Minister Dr. Omar Davies made this disclosure at Wednesday's meeting of the Standing Finance Committee in response to queries from Opposition Members.
As members of Parliament soaked in this bit of information, Leader of Government Business, Dr. Peter Phillips, declared that this achievement should be celebrated.
The ending of borrowing arrangements with the IMF was one of the first promises made by Prime Minister PJ Patterson after he assumed office in 1992.
He also pledged that the debt would be repaid before he demitted office.
No more IMF debtComment
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Re: jamaica has paid off it's IMF loans
suh poor paul nuh get nuttin ... ahhhh sahOriginally posted by tuffstuff:
[qb] o, now mi memba, datta di day dem wey rab peta [/qb]
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Re: jamaica has paid off it's IMF loans
Well goood fe ole PJ - I think he has done many good things for Jamaica... in his cold fish kinda way...Comment
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Re: jamaica has paid off it's IMF loans
Now we owe our lives to the Colombians. I think we were better off owing the IMF at least we would not be exchanging the lives of our people for the dolla.
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Re: jamaica has paid off it's IMF loans
much of jamaica's current debt is held by jamaicans...
in the 90's the govt went through a big program of "repatriating" the debt...in the past few years they have been going through a program of replacing the domestic debt with overseas loans.
maybe dem positioning to pull a Argentian wey dem default onthe debt and if is private bond holders holding it dem salt.When its hot in the jungle of peace I go swimming in the ocean of love.....Comment
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Re: jamaica has paid off it's IMF loans
but me hear dat long time ago, esp when did a knock de globalization ting wha tek over jam, mek a go back and go read dis, but me cudda swear say me hear dis from bout some 5yrs or so now, [img]/forums/images/graemlins/blush.gif[/img]
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Re: jamaica has paid off it's IMF loans
Suh is where dem get de money fi pay dis off?
Dem nuh pay dem light bill a court house, dem nuh ave money fi fix pothole inna de road, dem cyant fix up de police stations, public hospital which is supposed to be for the poor...dem cyant afford fi guh deh anymore...cause if yuh nuh ave de money fi registration dem tun yuh back...suh pls...mi a beg oono fi tell mi which pawt di money come from....mi naah seh is not a good ting but...Comment
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Re: jamaica has paid off it's IMF loans
its because dem nuh pay all dem other things that they can always go to the foreign market and borrow money..they have a stallar record of paying their foreign debt.Originally posted by Tecky:
[qb] Suh is where dem get de money fi pay dis off?
Dem nuh pay dem light bill a court house, dem nuh ave money fi fix pothole inna de road, dem cyant fix up de police stations, public hospital which is supposed to be for the poor...dem cyant afford fi guh deh anymore...cause if yuh nuh ave de money fi registration dem tun yuh back...suh pls...mi a beg oono fi tell mi which pawt di money come from....mi naah seh is not a good ting but... [/qb]When its hot in the jungle of peace I go swimming in the ocean of love.....Comment
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Re: jamaica has paid off it's IMF loans
They left the IMF borrowing program in 92, but they still owed the IMF a smalls.Originally posted by SistaCtry:
[qb] but me hear dat long time ago, esp when did a knock de globalization ting wha tek over jam, mek a go back and go read dis, but me cudda swear say me hear dis from bout some 5yrs or so now, [img]/forums/images/graemlins/blush.gif[/img] [/qb]
This is not really good news because Jamaica still owes 140+% of its GDP to creditors, most of it high interests debts that could have been cheaper if we had a structured borrowing program administered by the IMF.
Now I don't support the IMF or borrowing to spend, but if we are going to do it and ask the Jamaican Taxpayers to pay the loans at least do it as cheap as possible.Comment
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Re: jamaica has paid off it's IMF loans
This is good news then! So now all those Jamaican farmers with Canada's Foreign Worker Program can go back to Jamaica and get treated with some respect and dignity. Since Jamaica no longer owes the IMF.... Canada's Foreign Worker Program is modern day slavery. They target this program to countries that owe the IMF and use it as a vehicle to pay back the IMF in the form of modern day slavery. An exchange of human bodies :verymad:
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