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

February 2010
Latin America Monitor: Caribbean Monitor;Feb2010, Vol. 27 Issue 2, p1
Country Report
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.


Related Articles

  • Jamaica: Debt Restructuring Increasingly Likely.  // Emerging Markets Monitor;11/30/2009, Vol. 15 Issue 33, p11 

    The article reports on the economic conditions in Jamaica. After credit rating downgrades from Standard & Poor's and Moody's, the sovereign credit rating of the country has been reduced by Fitch Ratings to CCC, attributed to the risk of debt restructuring. Investors in the country are also...

  • Sovereign Exchange Offers in 2010. Galvis, Sergio J.; Saad, Angel L. // Chicago Journal of International Law;Summer2005, Vol. 6 Issue 1, p219 

    The use of sovereign exchange offers in restructuring sovereign debt is discussed. It discusses the circumstances in which sovereign exchange offers are used, the mechanism by which sovereign exchange offers operates during economic crises, and the proposal of the International Monetary Fund...

  • The Role of the IMF in Sovereign Debt Restructuring. Tarullo, Daniel K. // Chicago Journal of International Law;Summer2005, Vol. 6 Issue 1, p287 

    The article explores the role of the International Monetary Fund (IMF) in the restructuring of sovereign debt. It considers the political nature of the institution based on the history of its creation and the reality of its operation, and the impact of the political foundation of the IMF...

  • Looking Forward: 2005-2010 A Sovereign Debt Restructuring Reverie. Schwarcz, Steven L. // Chicago Journal of International Law;Summer2005, Vol. 6 Issue 1, p381 

    The article refutes arguments opposing a sovereign debt restructuring treaty. It discusses the treaty approach to sovereign debt restructuring based on a model developed by the International Monetary Fund (IMF), the problems created by sovereign debt restructuring, and the comparative advantages...

  • Proposals To Improve Confidence In EM Debt.  // Emerging Markets Monitor;11/29/2004, Vol. 10 Issue 32, p7 

    Reports on the guidelines formulated by several countries in a G20 summit held in Berlin, Germany regarding sovereign debt restructuring in 2004. Support of the International Monetary Fund and the Institute of International Finance to the guidelines; Standards of the guidelines; Reaction of...

  • Argentina: Holding Out Hope For A Successful Swap.  // Emerging Markets Monitor;1/17/2005, Vol. 10 Issue 38, p11 

    Looks at the debt restructuring process undertaken by the Argentine government. Proposal of the government to swap defaulted instruments for bonds at an acceptance rate of less than 75 percent; Criticism of the International Monetary Fund against the restructuring efforts of the government;...

  • Sovereign Workouts: An IMF Perspective. Krueger, Anne O.; Hagan, Sean // Chicago Journal of International Law;Summer2005, Vol. 6 Issue 1, p203 

    An overview is presented of the key economic, financial and legal issues involved in the Sovereign Debt Restructuring Mechanism (SDRM) proposed by the International Monetary Fund (IMF). It discusses the problems faced by sovereign debtor and its creditors from the restructuring of the debt, and...

  • The Role of the Official Sector in Sovereign Debt Workouts. Buchheit, Lee C. // Chicago Journal of International Law;Summer2005, Vol. 6 Issue 1, p333 

    The article explores the involvement of the official sector in assisting private lenders in their claims against distressed sovereign debt borrowers. It discusses the sector's objectives in resolving sovereign debt problems, the historical phases in which the sector has been involved in the...

  • Reviving Troubled Economies. Boorman, Jack // Ethics & International Affairs;2003, Vol. 17 Issue 2, p10 

    Describes the rationale and design of a proposal by the International Monetary Fund for a Sovereign Debt Restructuring Mechanism (SDRM) to help reduce large costs associated with disorderly defaults by sovereign governments. Discussion on the need for a formal mechanism to approach the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics