Jamaica's parliamentary opposition -the People's National Party is keen that any borrowing arrangement with the IMF be accompanied by an early supplementary budget, that could engender confidence.
In the wake ofdebilitating shocks from the global
financial crisis, Jamaica
has decided to borrow U.S. $1.2 billion from the International Monetary Fund
under a standby agreement.
A senior Caribbean
economist believes that the International Monetary Fund has a more humane face
and is now inclined towards more favourable lending terms for developing
countries such as Jamaica.
The trade spat between Jamaica and her CARICOM partners has brought into sharp focus the imbalance in trade which exists between Jamaica and her CARICOM partners.
BPM Financial launched its IRA dubbed 'Personal Pension' on July 13, 2010. It was a natural fit for a company which has been in the retirement-planning business for over fifteen years.