Business
Jamaica facing tough economic times ahead
Thursday, June 13, 2013
Jamaica is particularly exposed to higher borrowing costs because of financing needs in the financial years 2015 and 2015 following the US$932 million International Monetary Fund (IMF) facility approved this spring.
Jamaica is rated at CCC/Caa3/CCC+. The island-nation’s debt burden stood at 132 percent of gross domestic product (GDP) in 2012.
Read more: LatinFinance