Sustained debt reduction: The Jamaica exception
Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
Source: ft.lk
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SVG debt rose to 89% of GDP in 2021, but 5% growth predicted for this year
The Executive Board of the International Monetary Fund, in its just concluded Article IV Consultation with St Vincent and the Grenadines (SVG) has concluded that 89 cents on every dollar earned went to pay the public debt in 2021; but a growth in the economy of 5 percent is predicted for this year. The following is the text of the executive report summary issued by the IMF: On November 14, …
Source: searchlight.vc
UDC subsidiaries post losses, rental collection challenging
The Urban Development Corporation's (UDC's) unaudited financial statements for FY2019-20 and FY2020-21 indicate that UDC recorded net losses of $471 million and $798 million, following three cons...
Source: jamaicaobserver.com
Fiscal Condition of Government at the time of Covid and Volcanic Eruptions
FISCAL CONDITION OF GOVERNMENT AT THE TIME OF COVID AND VOLCANIC ERUPTIONS (JANUARY 1ST TO AUGUST 31ST, 2021) BY THE HON. RALPH E. GONSALVES September 15, 2021 THE ISSUE The state of the central government’s finances — “the fiscal condition” — is of concern to every person in St. Vincent and the Grenadines. If the government’s finances are in disarray, several adverse consequences are probable, including: Retardation of …
Source: searchlight.vc