Golding delivers stern message

[evanovitch]

Jamaican Prime Minister Bruce Golding has said his cash-short administration is determined to restore prosperity to the country.
The Jamaican leader said slackness must stop

He was speaking in a national address that outlined some of the terms of a draft loan agreement with the International Monetary Fund (IMF).

Mr Golding said Jamaica couldn't afford to deviate from the IMF programme.

Slackness, skylarking and failure are no longer options that are open to Jamaica, he said.

Mr Golding gave details of a debt management scheme that the government hopes will save billions of dollars in the next fiscal year.

[RichD]

Re: Golding delivers stern message

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">



Slackness, skylarking and failure are no longer options that are open to Jamaica, he said.


</div></div>

i hope they have the spine to follow through.

[Tuff Gong]

Re: Golding delivers stern message

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">



Slackness, skylarking and failure are no longer options that are open to Jamaica, he said.


</div></div>

i hope they have the spine to follow through. </div></div>
It won't be 100% but we will know when it if fails or succeed when we either completely default or grow.

[RichD]

Re: Golding delivers stern message

i dont know if default is an option...too much of the debt is held internally.

[Tuff Gong]

Re: Golding delivers stern message

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">i dont know if default is an option...too much of the debt is held internally. </div></div>

Jamaica defaulted yeasterday by refusing to pay the interests that it contracted the bonds for, but if the so-called Debt Management Initiative fail then the outcome will be a more conventional default of all debts.