Its a Private Debt Exchange or PEX

The PNP has outdone the JLP, it has managed to get two debt exchange in a single month in a single year

GraceKennedy Limited said its board has approved the participation by its financial subsidiaries in the Government’s Private Exchange Offer, which it said was made last Friday.

 

How did the PNP get this so wrong, this is embarrassing.

http://jamaica-gleaner.com/latest/article.php?id=43689

 

I have lost any little confidence I may have had left in the ability of this administration to get it right. If they cannot with any level of accuracy determine how much debt was needed to be reschedule , how on earth are they going to predict with any accuracy growth targets and the measures needed to achieve these.

This is gross incompetence.

Next year they will be going after our bank accounts , its not so far fetched after-all.

Capital flight to increase ?

 

2 Responses

  1. Thanks to corporate Jamaica for keeping Jamaicans informed with the truth.
    Thanks Grace for putting JAMAICA first.

    Boo to the PNP for trying to treat us like mushrooms !

  2. Jay, delaying the inevitable is not a solution? We should be pushing for them to cut the principal? They have been part of the problem by consistently lending money to a BANKRUPT Govt.

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