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Tag Archives: imf

Agreement with IMF essential for Jamaica, Moody’s says

09-Nov-09

Verbatim from rating agency Moody’s on Jamaica, highlighting mine: The IMF, which has been negotiating the terms of a $1.2 billion stand-by facility with Jamaica for several months, said on Friday after fund officials spent several days in Kingston, that discussions would continue in Washington next week. The focus, said the IMF, is “on how [...]

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“Jamaica may already have passed the point of no return”

17-Sep-09

Just one month after rating agency Standard & Poor’s released a downbeat assessment of the outlook for Jamaica comes an equally – if not more – negative take from Barclays Capital Research. The research note issued today by a New York-based BarCap analyst is unequivocal: we believe that Jamaica is approaching the point of no [...]

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