Exports critical, warns ex-Jampro boss - Business - JamaicaObserver.com

Exports critical, warns ex-Jampro boss - Business - JamaicaObserver.com: ""There was a time in Jamaica when borrowing money turned us into heroes," Stewart said earlier this week. "Now, nothing could be further from the truth."

The country's finances are so parlous that - at least until a new IMF agreement is signed - the government would have to pay sky-high interest rates if it went to the international capital markets.
"Borrowing money is the biggest disease that can be inflicted on a person or a country, especially when the need to borrow becomes more and more necessary," said the owner of Sandals Resorts International and this newspaper.
"We have done such a great job of borrowing that we have lost our standard of living.""

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