JIS News

Prime Minister the Hon. Bruce Golding has given his commitment to provide strong leadership on the part of the Government, leadership that is prepared to do what is right, to take the political risk and to invest the political capital so that history will judge the correctness of the actions taken.
Mr. Golding was speaking at the launch of the Government’s debt exchange programme at the Bank of Jamaica auditorium this morning.
Mr. Golding told the large gathering of persons from the financial, private and public sectors, that “Jamaica is on probation but as much as we are resolving to work through and put the country on a brighter path, the potential we have to position Jamaica among those strong fast growing emerging economies, is a potential that remains unrealised”.
The Jamaica Debt Exchange is a new debt management initiative which involves the voluntary exchange of existing bonds (excluding treasury bills) issued by the Government of Jamaica in the domestic market for new bonds of the same principal value but which have lower interest costs and longer maturities.