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Amid lengthy negotiations with the IMF over a new one-point-two-billion-U.S. - dollar stand-by facility, Jamaica Prime Minister Bruce Golding has emphasized that despite the country’s economic woes, his administration will never renege on its domestic and local debt obligations.

Managing Director of Investments at Oppenheimer Funds Dr. Carl Ross says the Jamaican authorities have little or no policy options but to go after the IMF money.

Amid the furore over the contract of the former Governor of the Bank of Jamaica, a highly credible private sector executive is essentially suggesting a cut in the powers of the holder of that office.