Aljazerra recently dedicated approx ten minutes in the link below discussing the Jamaica debt issue.
Its worth reading the article and watching the video.
Myself and many persons have been clamoring for the growth strategy and we keep hearing there is one, but as is clear from this article unless Jamaica grows and in a hurry the entire economy of Jamaica could collapse.
I am not trying to be an alarmist, instead I am all about providing Jamaicans with information from outside of Jamaica that is not cloaked in political colours.
http://www.aljazeera.com/programmes/countingthecost/2013/05/2013518109537973.html
1-10mins is dedicated to Jamaica, so you don’t need to watch all 25mins of the video.
Filed under: Finance |
Warren's Blog 
The need for a growth strategy is not rocket science – it is common sense.
Fitch has has no confidence in the agreement and Moody has predicted a default. In addition, the government has no growth strategy which does not included a plan which it inherited from the jlp. Furthermore, the Logistics is a pipe dream
We have had two announced debt defaults already – JDX and NDX; call them by fancy names, but that’s what they are.
Does it really require foreigners to convince us that borrowing more money to repay our debts is just plain nonsense! Does it require foreigners to tell us that our Country is heading in the direction of other Ponzi schemes! Does it require foreigners to tell us that we have had two loan defaults in three years, euphemistically called JDX and NDX! Do we require foreigners to tell us that only debt forgiveness both locally and internationally will save our “ASS”! If that is the case, why do we use taxpayers money to subsidize University “education” which produces little in terms of National development?