Jamaica,s 800 million additional debt..

Jamaica’s debt just got larger with the 800million United States loan promised by the international lenders to the Government of Jamaica, a sterling achievement of the Finance Minister. Peter Phillips bonus came after the visit of the head of the International Monetary Fund, Miss Laggard. Mr. Phillip was praised by the IMF chief for his determined effort to meet the fund strict austerity guidelines irrespective of the great damage to our economy and social life. Most of this loan is to allow the government to meet its debt obligation which includes paying the local bondholders who are the primary creditors not the IMF. The private sector, the real movers and shakers of our society over the years encourage this barbaric relationship because they benefited greatly accumulating wealth without contributing to Jamaica’s earning potential. The government under the current leadership of Portia Simpson have signed on completely to a path that if not abandon will see the return of the JLP to continue this economic apartheid model.