Fitz Ritson on IMF Debt

In Wednesday’s Business Observer January 6th 2009 Karen Fitz Ritson and Associates and Dr. Davidson Daway – retired United Nations economist spoke about the challenges of the IMF debt agreement

GOVERNMENT cannot repay the International Monetary Fund (IMF) standby arrangement without increased productivity to offset its declining revenues, say analysts.

"I am cautiously saying no... that we won't be able to pay it back because there are so many impediments in the system that is not very conducive for growth at this time. We need to change some of these factors," stated consultant Karen Fitz-Ritson at the Monday Exchange meeting of Observer reporters and editors at the newspaper's head office in Kingston. "It is going to rely on the creativity of the Jamaican people."

The entire article is available at the Jamaica Observer website.

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