Gov’t gets US$350m for budget financing

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The cash-strapped Government of Jamaica (GoJ) raked in some US$350 million of the US$600 million it needs to finance the budget from the international capital markets last week Tuesday.         This was just

The cash-strapped Government of Jamaica (GoJ) raked in some US$350 million of the US$600 million it needs to finance the budget from the international capital markets last week Tuesday.         This was just

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Higher debt service charges

The decision by Derick Latibeaudiere and his team at the central bank to hike all its benchmark rates by an average of 50 basis points last week will push the amount of money needed to service the country’s trillion dollar debt higher