The IMF signed earlier this yr was said to have represented the last, final, only hope for Jamaica by public commentators, unions, political analyst and the private sector.
Now less than 6 months into the deal doubts are being expressed by non other that the Private Sector led Economic Programme Oversight Committee , which was put in place to hold the GOJ feet to the fire in relation to the implementation of those policies inimical to the success of the IMF deal.
Today head of the Trade Union Insinuate and rock solid comrade is also expressing the view that the IMF program could fail.
The comments are not one’s that we can scoff at dismiss as ramblings by discontented folks, these are people who are close to what is going on and can see the clear and present danger ahead.
The NIR has fallen to the lowest level in over 10 years and despite Dr Phillips trying to talk up the economy into being good, there are enough signs to suggest that we are in deep brown stuff.
Filed under: Economics |
Warren's Blog 
I was so embarrassed last week in Salt Lake City Utah as a prominent company trying to set up roots in jamaica has expressed how hopeless they felt when dealing with govt and red tape. In his presentation to a room full of millionaires, the presenter with his CEO in the audience literally mocked and berated the Jamaican govt on how difficult it was to get permits and licenses to set up warehousing facilities and even though it was finally done it took 1year and 3 months.Other Caribbean nation which were there laughed at us and were inviting the company to their country and close down jamaica.
ME SHAME
This has been the extortionary tactics of those in positions of authority. Downtown it is badmanism?
You hit the nail on the head!! The investor is making generalization statements about the governmt of Jamaica, when in fact, it is the islands of rogue automous “groups” that take it upon themselves to erect roadblocks to good governance. They do this to extract kickbacks to pave the way for what should be a smooth process. Lets not forget the Spanish Hotel in Montego Bay that was approved as a 2-storey project, only to have a 3-storey buildings being built. Who was responsible for this diversionary tactic? The person in charge of the Parish Council Building department. I wonder what became of that incidence and was anyone held accountable?
I was talking to a Unlicensed Electrician some time ago who explain to me that electricians would be unable to pass an electrical inspection in Jamaica unless they pay the Electrical Inspector “fee”. This fee was required for each and every electrical inspection. That is, no fee, fail inspection. To make matters worse, each house being built needs a licensed electrician and there are only a handful of licensed electrician available, so most houses have an unlicensed electrician doing the actual work, having secure the permit using a licensed electrician credential (for a fee). Clearing customs goods at the wharf attracts its owns set of “undeclared” clearance fees, otherwise your goods are held hostage on the docks for weeks.
http://jamaica-gleaner.com/gleaner/20130916/lead/lead2.html