Sat | Apr 20, 2019


Published:Friday | August 22, 2014 | 12:00 AM

Continued from 14

Independence was lost on most of these folks.

With that kind of no-growth historical focus, these detractors couldn't see that they were the ones in 'la-la land' if they continued to expect that the essentially contractionary IMF programme was going to produce any growth without a prime ministerial-empowered economic growth minister.

I believe the reality of impending disaster, were we to continue accepting growth within the statistical-error range, is beginning to sink into some important policymakers and business practitioners' heads.

The fact that international news agencies revived talk of the risk of Jamaica's debt default, in spite of our good reception of the US$800 million bond, is a wake-up call. It is a timely reminder of how important it is for the Government to fix its inefficient self and take the policy decisions which will facilitate growth and engender confidence in local and foreign investors to re-enter the Jamaican economy.

My desire for this growth to occur is to help so many Jamaicans, like the borrower mentioned above, to get sustainable jobs that will provide income to buy food, pay down their debts and keep their mortgages current so that they do not lose their single most valuable investment - their homes.

Aubyn Hill is CEO of Corporate Strategies and chairman of the Opposition Leader's Economic Advisory Council.Email: writerhill@gmail.comTwitter: @HillAubynFacebook: