TITLE

BMI Research: Latin America Monitor: Caribbean Monitor: Painful New Year's Resolutions

PUB. DATE
February 2010
SOURCE
Latin America Monitor: Caribbean Monitor;Feb2010, Vol. 27 Issue 2, p1
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article provides market data, business information, and economic analysis and forecast on Jamaica. It states that spending cuts and tax hikes alone will not solve Jamaica's economic problem and will need assistance from the IMF for debt restructuring as key foreign exchange earners such as remittances, tourism, and bauxite continue to sag at the beginning of 2010. Up to 60% of state revenues will go to debt servicing as interest payments, and most of the rest will be absorbed by wages, scarcely leaving any for development.
ACCESSION #
47797299

 

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