Jamaica set to reduce debt-to-GDP ratio to 125% in pursuit of 90% target
Jamaica expects to reduce its stock of debt to 125% of GDP by the end of the fiscal year in March, with public officials crediting a host of new management initiatives. It is aiming to slash the total further, to 90% by 2020.
Over the past five fiscal years, the Jamaican economy strained under a debt burden averaging 141% of GDP, which “stunted growth, threatened financial stability and exerted dominance over monetary policy”, according to Bank of Jamaica governor Brian Wynter.
“Strong
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