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Uncategorized| December 15th, 2008Jamaica announces economic stimulus package
(the associated press) jamaica’s prime minister has announced a representation to lift the caribbean island’s thrift with imaginative aid for small businesses and the tourism industry.
bruce golding says the measures will counter the effects of the global fiscal downturn, including a near downfall of the country’s bauxite industry. bauxite is the chief ore in aluminum, and demand for both is plunging.
the package has try cuts and loans that include $6.7 million from jamaica’s development bank to help tourism companies manage cash-flow problems.
golding reassured islanders sunday night, saying “we are going to weather the storm.”
he also plans job retraining programs and initiatives to suspend or moderate mortgage payments for the unemployed.
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December 15th, 2008 at 11:02 pm
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