Jamaica Goal To Reduce Debt To GDP To 60% By 2025 Achievable – Fitch Director


Senior Director at the global credit rating agency, Fitch, Charles Seville says Jamaica’s goal to reduce debt to GDP to 60-per cent by 2025, is still achievable.

The agency affirmed Jamaica’s long term ratings at B+ and revised the country’s outlook to positive.

But, Fitch described the country’s debt to GDP target as “optimistic” and “ambitious”.

In response, Finance Minister, Dr Nigel Clarke, said Jamaica had already set a precedent by reducing the figure to below 95-per cent, a feat which would have also been viewed as ‘optimistic’ years ago.  

Mr. Seville agrees that the target isn’t an impossibility.

He notes, however, that much of Jamaica’s fiscal discipline was maintained under the International Monetary Fund program.

That programme ended last year.  

Mr. Seville says Jamaica should also be mindful of potential risks.

Charles Seville, Senior Director of the global credit rating agency, Fitch, speaking yesterday on Nationwide @ 5 with Cliff Hughes and Kemesha Swaby.

Stevian Simmonds is an investigative journalist with almost 3 years of experience in radio broadcasting, production and reporting. She graduated from Caribbean School of Media and Communication in 2014 and joined Nationwide News in 2016. In 2018, she produced a special report examining the working conditions of the Bussiness Process Outsourcing Industry. She worked undercover as a call center agent for a month, revealing the lack of data protection and general security infrastructure in the industry. Her report also highlighted the poor working conditions and remuneration faced by workers in the industry. In 2018, Stevian traveled to New Delhi India where she participated in the Inaugural WHO Partners Forum benefiting from critical training related to reporting on women’s and children’s health issues.

Leave a Reply

Your email address will not be published. Required fields are marked *