From NACLA
''As part of her election campaign, Jamaican Prime Minister Portia Simpson Miller announced her intention of breaking ties with the British monarchy and becoming an independent republic. While no doubt a long overdue and symbolic act, in the wake of a newly released report on Jamaican debt by the Center for Economic Policy and Research (CEPR), a critical conversation about doing the same to the real (neo)colonial power in Jamaica—the International Monetary Fund (IMF)—should be a much higher priority of the Jamaican government.
While the economic fates and futures of entire nations hing on arbitrary indicators such as investor confidence and credit ratings, is Jamaica better off with the IMF or without it? Jamaica’s current economic situation is, to be blunt, bleak. Thus controversial questions must be raised over whether or not the IMF is actually providing the kind of help that Jamaica actually needs.''
“Jamaica offers a stark example of the long-term costs that an excessive debt burden can impose on a developing country, especially when the interests of creditors are prioritized over the needs of the country as a whole,” it reads.''
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Jamaica needs to produce to come out of there economy disaster http://jamtechnews.blogspot.com/2013/01/jamaica-and-imf-international-monetary.html
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