Bankable commitments now!
We, like the bankers quoted in this newspaper yesterday, believe the debt-restructuring programme that the Government has on offer is the right call at this time, even if domestic savers will have to give a substantial portion of agreed interest. Jamaica's
$1.3-trillion debt is unsustainable.
But the Government owes savers bankable assurance of good governance in exchange for this concession. We need now the specifics of the planned fiscal responsibility legislation and the reduction in public expenditure.
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