Jamaican economy still struggling

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Officials from the International Monetary Fund are due to meet with Jamaican government ministers in Washington to discuss the future of Jamaica's economy, according to Nick Davies of the BBC ().
Jamaica is $18 billion dollars in debt, making it one of the world's most debt ridden countries.
The last decade has seen Jamaica's mining and agriculture revenues steeply decline, with the export of bananas all but completely collapsing. Tourism is one of the few bright spots, logging over 3 million visitors last year.
Many in Jamaica see a push towards manufacturing as the only solution to country's ongoing economic woes.
The meeting with the IMF will focus on debt management with Jamaica expected to ask for help on the matter.

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This page contains a single entry by doarx005 published on April 22, 2012 8:22 PM.

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