Is it true that the IMF has been in discussion about a possible new Debt Management Program that will involve our Foreign debts, which have not yet been part of JDX #1 OR JDX# ( NDX).
Is it true that this new Debt Management Program could be called the FDX or Foreign Debt Exchange and would involve holders of Euro and US$ debt being asked to accept a 1-2% reduction in interest payment and a longer maturity dates for such payments?
Is it also true that this MAJOR development could form part of this weekend cabinet retreat, where the government members will contemplate the effect of this move and the consequences it could have for Jamaica?
Warren's Blog 
About time!! And further consideration should be given to cutting the principal owed to local lenders. Make the decision then call an election!! Nothing that has been proposed so far addresses our fundamental challenges. No fear mongering please!!!
A “FDX” would be quite damaging to Jamaica’s credit on the international stage. If the government has to pick between a FDX and an IMF borrowing agreement, now THAT’S a pickle.
If we had any credit value, they would be lining up at our door pushing money at us. Is that happening? It is helluva irony having the imf trying to save us from ourselves.
Seems like I may have gotten this one wrong. What has been confirmed now is another local debt exchange.
You won’t get the scoop right all the time 🙂