G20 – what number is Jamaica?
Probably very low down on the list of priorities (if indeed it is on the list at all) when it comes to the discussions between the 20 richest nations leaders, going on in London, is poor Jamaica.
It hasn’t stopped Jamaica’s Finance Minister Audley Shaw from trying.
He has been saying that Jamaica needs more money “urgently” for investment in infrastructure and to replace all the jobs that have been lost recently in the bauxite industry and elsewhere.
He said it was essential “to put in place economic stimulus packages for small, heavily indebted, and highly vulnerable economies like Jamaica “
I’ve been trying to blog about the vulnerability of JA’s economy here for some time, and this is the first time I’ve heard that a senior govt voice has spelled it out clearly like this.
Asking for loans on top of the debt already crippling Jamaica is probably the only thing that can be done right now. So good luck to Mr Audley Shaw, but according to this article, he doesn’t instil much sense of hope.
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