The Jamaican Diaspora Sustainable Development Initiative (SDI) is calling for a new strategic partnership within the BRICS nations to finance our Rapid Industrialization for Economic Sustainability (RIES) program.The Government of Jamaica is unable to provide any sovereign guarantees for a Diaspora Bond as long as they are under the IMF agreement. Increasing the debt stock is simply out of the question. The recent US$800m raise by the GoJ is being used to refinance more expensive existing debt and meet coming repayments for bonds coming due.
Posted on: Thu, 28 Aug 2014 23:15:50 +0000
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