IMF demands could keep Jamaica in "debt trap" - Report - News - Latest News - Jamaica Gleaner: " A new report released by the Center for Economic and Policy Research (CEPR) is warning Jamaica that its fragile economic recovery will be dangerously hampered by demands by the International Monetary Fund (IMF) and other donors.
It said pro-cyclical macroeconomic policies, implemented under the auspices of the IMF, damaged Jamaica's recent and current economic prospects.
Financial observers noted that Jamaica is currently paying more debt interest than any other country, including those in Europe that have been reeling under the near collapse of the Euro. In total, the island owes around US$18 billion.
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