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Bahamas, Jamaica: Thoughts on the IMF

Categories: Caribbean, Bahamas, Jamaica, Economics & Business, Ideas, International Relations, Media & Journalism, Politics

Rick Lowe at Weblog Bahamas [1] takes issue with an article in a Jamaican newspaper [2] which laments the fact that the country “now has to pay the piper (IMF)”, saying: “Of course I am no fan of the IMF, but to suggest that a country ignore its debt is simply irresponsible…it is Jamaica's voracious appetite for government spending that caused the equally prodigious borrowing that has placed them in their current dilemma.”