10 Caribbean Countries Most Indebted To The IMF (International Monetary Fund)
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- čas přidán 8. 06. 2024
- While the IMF can be a savior for countries struggling to manage their finances, they have also been criticized for exacerbating economic problems in borrowing countries by imposing harsh conditions that are difficult to meet. This has led to accusations that the IMF is more concerned with advancing its economic philosophy than with promoting the economic welfare of its member countries. As a result, the role of the IMF in the global economy remains a subject of debate and controversy. Here's a list of what countries own the IMF: www.imf.org/external/np/fin/t...
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0:00 ∞ 10 Caribbean Countries Most Indebted to the IMF
3:15 ∞ Dominica
5:14 ∞ St. Vincent and the Grenadines
7:24 ∞ St. Lucia
9:05 ∞ Grenada
10:21 ∞ Suriname
12:16 ∞ The Bahamas
13:42 ∞ Haiti
15:02 ∞ Barbados
16:40 ∞ Dominican Republic
18:32 ∞ Jamaica
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Sources/References:
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Thanks T&T for not being on this list.🇹🇹👍
I'm so happy I found this channel. I was born in Dominica but now leave in the US. I'm always hearing Dominicans talk about how hard things are back home. I found no one was doing anything about it. My fiancée and I decided to put our money to help school children on the island. We both decided to adopt an entire school on the island. We will be visiting that school in April to see what more can we do to help.
As long as money, keep coming into Dominican republic the government will just take the money and people will just lay back. I’ve been there once and within the month I was there. I don’t think they care about anything just send money from the US too much children that isn’t in school and too much people not working.
²12¹111
Hum😊❤
so proud of you
I love what you are offering to do for your country 😊
Well done Trinidad and Tobago 🇹🇹 for not making this list!!!
It's nice that we are not on this list but it concerns me that we still owe China billions.
@D Genius Lol you beat me to it. Being in Debt with China is way worse lol
Lol very much so, owing China makes you sick for decades
Well thk goodness that's what I came to see
Its because we don't depend in tourism, so when lock down happen business was still happening, never depend on tourism only is the lesson
Imagine working hard all your life, all the sacrifices you did, all those sleepless nights, pouring your blood, sweet & tears just so that you'll be able to have a decent life and suistained your family . And it'll all mean nothing just because of the decisions of a few decrepit people called the government, I think we need take some investment diversification so as not to depend on the government to bring money especially now that war and pandemic has hitted the economy pretty hard. I pray that anyone who reads this will be successful in life, 🙏🙏🙏
you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
exactly! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
Hello I'm new here please what exactly kind of investment are you talking about here, I'm really interested too
The worst thing to happen to Jamaica in the last 300 years, 1 slavery, 2 poverty, 3 IMF, 3 corrupt politicians, 4 ineffective business people who can only create enough jobs for their families and friends. 5 high crime rate.
The best thing that happened to Jamaica. The ordinary Jamaican people. They create some of the best music that make people stand up and notice Jamaica. They become some of the greatest sports man and women in the world. Creativity everywhere They create something out of nothing even when those they elect give away everything they got. They produce food and shelter out of tin air especially the woman who are left to fend for themselves and children when the men give up and retreat because they are defeated and can't face the magnitude of what they up against. In Jamaica women persevere men fold. Without ordinary Jamaican, Jamaica would be just another shet role country that no one even mention. The ordinary Jamaican are the ones carrying Jamaica on their shoulders even though most of them never receive any of the profit they produce. If I was the PM ordinary Jamaicans would get a medal for persevering every year.
But a lot of them are lazy
China is helping them quite a bit too be fair
IMF CAUSES poverty in all countries that borrow from them. They are parasites
That was then.
Without slavery there would be no Jamaica. Slavery is totally unrelated to this topic. Poverty doesn't happen to a country, its a result of people that are not innovating anything and elect stupid and corrupt politicians to represent them. IMF is an evil neo-colonial system designed to subjugate nations who cannot control their spending.
Thanks, This is what most CARICOM media houses do not educate its citizens about.
Well done. This is the kind of information that should be communicated to the general masses & businesses in these countries
IMF is wicked for what they did to Haiti, why did the countries let the monies pass through imf
I don't think that they had a choice on how the funds should have gotten to them. It mainly depends on the agreement and in most cases if any country owes the IMF for a loan, they cetainly will intervene .
Based on the reporting here, Barbados, Dominican Republic and Jamaica may need to assess the sustainability of tourism to determine if there is any value being added.
Jamaica is fine it is doing what it should be doing at this point in time.
Jamaica is doing better than people make it seem. Once its GDP was over 142%, now its GDP is less than 100%; clocking in at about 94% by 2019. Given that Jamaica's economy has actually been improving this whole time, it's likely that the IMF debt is lower than than that (about 80-85%); and is actually projected to reach 60% in a few years time. This channel hasn't mentioned that Jamaica is one of the fastest Caribbean nations to recover from COVID-19, and has actually exceeded pre-COVID levels of growth.
How do you mean. if there's any value being added.
What about tax to the government and employees tax and wages that is spent in the country. plus tourist spending
And indirect employment.
@@sniperjify Jamaica about to be speaking Chinese in a few years
How is DR's 50% of GDP considered high. Maybe the narrator misspoke or maybe he doesn't understand what he's talking about. Indebtedness is not measured by the quantum of debt but by your leverage; in this case the debt to GDP ratio. This measures a country's room for growth inducing expenditure vs debt servicing.
Jamaican here I love your work however I think context is important as it relates to Jamaica's debt to gdp numbers. Jamaica's debt to gdp is coming down from as much as 200+% of gdp. It has been reducing consistently and is now 78% of gdp. Last year we had growth of 5.6% in our economy and projections is that Jamaica debt to gdp in 5 years would be below 50%. I am excited to see what Jamaica's economy will look like moving forward now that the economy is growing.
It's over 30 odd years Jamaica economy has not grow by 5% not even 2%
When was Jamaicas debt to GDP >200%?
@@christopherp5300 that is incorrect… growth/recovery was in excess of 5% for 22/23 financial year
@@adrianwanliss940 in 1991 it was 232.82% so in context Jamaica is doing much better now.
A funny thing I noticed is how shoddily Jamaica's section has been assembled in this video. Not only is Jamaica's the shortest, but it is oddly the most vague. Notice that they never mentioned that Jamaica rebounded from COVID-19 quickly. Notice that they haven't mentioned Jamaica has reached and exceeded pre-COVID levels of growth. Notice that they have NOT been mentioning the rapid growth in infrastructure Jamaica is having as of late, plus the many massive projects occurring in the island; some of which the Jamaican government is ACTUALLY able to afford. Notice that they have NOT mentioned that the IMF reported in 2019 that Jamaica made a massive economic turnaround, and it continues to grow ever since. Also, notice the lack of Jamaica footage; the visuals are either outdated or not even from Jamaica! It's shocking how off this video is; Jamaica is doing SO much better than this video lets on, and somehow I think it is exaggerating about other Caribbean countries too.
Really appreciate this information.
Great information
The IMF: The economic version of a "blessing and curse" all in one!!!
Remember the Source! Who started it? Why? Anything of European origin is from Satan Himself! Especially as they relate to African People!
Agree never borrow from them you will be paying all you life
Well done Mr. ❤ Rowley of Trinidad and Tobago thank you
Frfr 👍🏾💯🇹🇹
I like this. Its an eye opener to the current generation to tread carefully when dealing with this institution.
Even though the guyanese currency is the lowest in the carribean, Guyana seems to be developing its own economic system and will eventually become the top country in the carribean.
If only wishes were horses ...
I hope so because with the current govt it look slim, I really hope their money value raise and living can be easier ,minimum wages need to raise up to 100.000.00 dollars,cost of living is very high in Guyana
@ Gold girl, please explain how the previous APNU govt developed the economy. In three years since, the current government that you malign has made incredible progress, hence the comment from @Chris Boncamper.
@@kennethmasihdas1316 LOL pray tell us much of this incredible progress you speak of O wise one.
Because of the oil hopefully.
My background is Jamaican 🇯🇲 Grenadian 🇬🇩
Thank you
❤ Good education
Excellent information
I'm not a citizen of the Dominica. But I love the country. I take medicine and medical supplies for the the elderly. And school supplies for the kids and made backpacks. They don't know me but I do my part. I plan to move there whether it be for a short or long time. It's sad to hear natives living in the states pick apart their country. It's such a beautiful island with so much potential.
Thanks for sharing this video with us, I believe every Jamaican that are alive and well, should be more and more seeing the fulfillment of Proverbs 22:7, The rich ruleth over the poor, and the borrower is the servant,(Slave, to the Lender.
This report is very misleading . You can't compare the debt owed by relatively larger economies such as Jamaica and the Dominican Republic to the debt owed by very small island states. Unless you really look into the figures it gives the impression that Jamaica and the Domincan Republic are the most indebted nations. In reality this is false. The most indebted nations in the region are 1. Barbados 146% , 2. Suriname 125% and 3. Dominica 108%, 4. St lucia 96%. In fact the Dominican Republic is one of the least indebted nations at just 50% debt to GDP. Jamaica has had the biggest reduction to it's debt to GDP ratio in recent years falling from 147% to 91% and it continues to fall despite the hiccup during COVID. So your report is totally misleading. Let's hope that all the nations in the region, both big and small can bounce back quickly from their debts exacerbated by COVID. The caribbean region is one of the most beautiful and fascinating parts of the world and I'm proud to be a part of the caribbean family.
No, it's not misleading. The title clearly states "Most Indebted to the IMF". The debt to GDP comes into play in determining the debt load and/or the country's ability to repay the loan but the topic clearly is about who has the largest debt to the IMF in the Caribbean. National pride ain't gonna change that fact. Jamaican currency also is in the toilet, check their other videos. People get too emotional with such silly pride and refuse to see reality.
Common sense would tell me that if my debts equate to 150% of my income then I am more endebted than someone who owes 50% of their income. In 2022 Barbados is the most endebted island in the caribbean but I would like to see all islands reduce their debts. As for jamaica its debt ratio is actually 82% which is the lowest it has been for decades.
@@truth1844THAT DEBT OF DR 🇩🇴 WITH IMF. IT DOES NOT IMPLY RESTRICTIONS, BECAUSE IT IS THE AMOUNT THAT DR CAN ACQUIRE FOR BEING A MEMBER OF THE IMF AND HIS RIGHT OF DRAWING WITHIN THE IMF BASED ON THE SIZE OF DR'S GDP. DR 🇩🇴 has that debt with the IMF because he acquired it due to the Covid-19 Pandemic.
Exacty! The video sells the idea that the IMF has imposed restrictions on DR 🇩🇴. SOMETHING THAT IS FALSE. DR'S CURRENT DEBT IS DUE TO HIS RIGHT TO DRAW ACCORDING TO GDP SIZE AND BEING A MEMBER OF THE IMF. The last time restrictions were imposed was during the 2004 banking crisis.
cool very good.
Wonderful documentary with great caribbean focus
Many surprises like bahamas abd barbados
So is saving or ensaving....
Econmic enslavement 😮
What is the loans interest rate?
God bless 🙌 these islands may they have or get means to help elves
Jamaica 🇯🇲 is poorer for using the IMF loans. The interest payments way exceed the increase in the Net International Reserve. Jamaica 🇯🇲 has become the supermarket of the Caribbean.
Jamaica's economy is actually not that bad... what was once a public debt from 142% in 2009 has become about 94% in 2019... and according to the IMF it continues to decrease.
Jamaica owe the imf and China. Jamaica owns nothing. Mexico owns Jamaica airports. Foreigners owns the hotels, the light co jps, the beaches and the roads. Jamaica doesn't even have a national airline carrier. Jamaica has nothing but thieves, drug traffickers, murderers and of course BLACK bums
It owing a lots of money keep on going to the imf and borrowing
Jajajaja 😅.
@@eunicepitt5339 ...while making returns on its investments from the IMF? It's the same as what the Dominican Republic is doing; don't watch the debt figure, watch the debt per GDP
THANK YOU, IMF THIS PROGRAM DHOULD BE MORE PUBLIC Knowledge is power an more need this information 😀
MY JAMAICA IS ALWAYS #1 WHETHER ITS GOOD OR BAD ...JAMAICA IS THE CLOSEST PLACE TO HEAVEN.
It's funny how Jamaica is so beloved internationally despite being regarded as so economically sour... imagine what would happen if Jamaica actually becomes economically rich
And yet, Jamaica's economy is ACTUALLY doing much better than how it is depicted here. It's amazing how much this channel got wrong.
@@the-development-scribbler Jamaica was doing great in the 1970s,1980s, early 1990s growing and they sent their criminals to run down the Island and bring it to its knees, these devils are lying🤥
@@sunstarthunderlighting6983
LOL @ Jamaica doing great in the 1970's. Manley bankrupted it and chased out whatever middle class it had.
@@the-development-scribbler . This Channel ALWAYS disparage Jamaica, Saw a version of it showing top ten development trajectory of the Islands in terms of upwards mobility, and Jamaica was nonexistent [according to them] I will not show all the development going on in Jamaica right now, but people surf the net about Jamaica and see for yourself,, its quite the opposite.
Pride will not resolve your financial woes. That's some serious delusion.
They should all play the Powerball
Lottery.😂
They are 😢
St. Lucia 🇱🇨 basically made the list because of covid-19... INTERESTING!!!
You so right. I wish one could do one for Africa
Loan sharks is their true title!
Trinidad and Tobago don't fuck with imf
Real talk 💯
Trinidad and Tobago has options it’s economy depends on oil and natural gas, the countries on the list depend on tourism, tourism doesn’t bring in money like oil .
@curtiss744 Yes, tourism and remittances from the diaspora.
Yeah because ya'll already owe China Billions due to lending. That's actually worse than owing the IMF.
@@dandaddavi Source?
Once Trinidad not here.... I good 😅lol
Lol, oil money 💰
Ya'll are still in debt with China for Billions. That's actually worse 😂
We owe china which is much much worse though
@@wraithking253 every island owes China bro, and some a lot more than Trinidad. Imagine your country owes the IMF and China probably a lot worse
Predatory lenders.😭😭
So true ❤
Yes it is one of the biggest decisions you will have to take ,
I want to know how so many resourceful countries end up in so much debt.
Natural and man made disasters along with corruption
Simple politicians
By design, meaning it was deliberately done.
Corrupt politicians, leading a Corrupt state that's how.
That’s what the IMF does
I was wondering why high taxes and unemployment in Grenada went from zero to one hundred in sixty seconds , now I know , next time the leaders should consult the tax payers / people before going to the IMF
Hello guys dont forget that Venezuela is the best kept secret of the Caribbean region. In fact about 2,500-3,000 years ago, farmers and potters related to the Arawak-speakers of northeast of actual Venezuela established a pathway into the Caribbean. Using the delta fingers of Orinoco River Basin like highways, they travelled from the interior to coastal Venezuela and pushed north into the Antilles islands of the Caribbean Sea, settling Puerto Rico and eventually moving westward. Their arrival ushered in the region’s Ceramic Age, marked by agriculture and the widespread production and use of pottery.
Over time, nearly all genetic traces of Archaic Age people vanished, except for a holdout community in western Cuba that persisted as late as European arrival. Intermarriage between the two groups was rare, with only three individuals in the study showing mixed ancestry.
Many present-day Cubans, Dominicans and Puerto Ricans are the descendants of ancient people from Venezuela , as well as European immigrants and enslaved Africans. But researchers noted only marginal evidence of Archaic Age ancestry in modern individuals.
And even today, with economic crisis happening in Venezuela, the Antilles is seeing an influx of alot of South Americans (mainly Venezuelans) on the islands. In a couple years, if this trend continues, the whole demographic landscape of the islands can change again.
could someone provide me with the interest rate on each loan. as interest rate is vital to all borrowing
Just imagine livinig in Trinidad they got 22 billion for covid and 70% of the ppl aint see a check till this day and population is only 1.4
Loooooool
Indian
Only 1 country do not owe Imf trinidad
Good reporting but the music is too much
SDR is the de facto global currency.
In October 2016 China was going to become the world currency, but instead joined the SDR basket.
Our governments should assist each other to pay off these horrific debts. Jamaica, DR and the Bahamas should assist the smaller nations and when they get back on their feet, give us a little push. This is why the region needs to come closer together
I say the same thing
Makes sense, given their economies are currently really large
Jamaicans are always against Caribbean unification, they believe they are more famous and other small island should be glad to be in their presence.
@@stillirise7813 Jamaicans tend to feel their the "BIG" Caribbean nation and they well known. Well my country T&T is only half their size and our overall economy is 40% larger than theirs yet they still see us as "SMALL". T&T is 7 times larger than the next largest Caribbean Island Country Dominica and we don't always act like they "SMALL" to us yet Jamaicans always think T&T "SMALL" to them. Also if they think their so "BIG" Guyana is 20 times their size and Guyanese don't go around calling Jamacia "SMALL"
@Tejaye777 They can't help having the feeling of superiority, but when you peel back the layers you will see They are truly insecure
Gee, notice how that “evil” bad guy, Cuba, doesn’t owe a goddam penny. Hmmm
It's a loose loose system for the longterm they put conditions. But do not organise a way on a bigger scale to make it easier for the very vulnerable countries. The countries that are very dependent for the loans just to keep on standing.
One word, bitcoin. Great video.
We in the Caribbean mostly take loans to fix economic problems but no loan is taken to industrialize. How about loans for a car or shipbuilding industry?
Why take a loan from a loan shark? Why do ignorant people keep electing corrupt and incompetent leaders?
I think the IMF is bad for Jamaica our most valuable is the people let jamaica go back to Farming for next five years and get equipment for production lets give farming a Try in Jamaica ❤if prime minister have a heart
From me born circa 1980, Jamaica owe IMF and my great grand will be paying that debt. SMH
Not to mention 80 billion to the Chinese.
@@FBA-2023 ok so now you start to pull figures out your ass
Not as informing as id thought! So much info left out
Make a better one then.
Being self reliant would definitely reduce the debt and stabilize the economy
This right here is what you call a debt trap.
I wonder if the c 19 plandemic was created to put these countries into further debt to the IMF
@@richardwilliams3366 IMF = create the problem and the solution
@@barefoot_wanderer3625
No. The IMF is just a consequence of bad economics by local politicians.
True
Wao I love Dominica republic
Point of correction is not Dominica republic is Dominican Republic
Thank God my little paradise Antigua & Barbuda 🇦🇬 didn't make this crucial list. We may be little...but we (talawa) powerful. We paid off most of out debt to the U.S. 👏
The more Jamaica devalue it's dollar the more it takes to pay the IMF debt loan
Devaluing the currency is meant to make your goods and services more affordable to purchasers. Hence, tourism theoretically should increase because the foreign currency spent in your country goes farther than before devaluation. The problem with the Caribbean countries and many third world countries is rampant corruption. So, even when they get IMF funds to spend on development projects, the money is diverted/stolen before the project is complete. That's why the Chinese give loans but their companies carry out the projects.
Jamaica nice mon! (Tourist after smoking his tenth spliff)
Where is Guyana on your list
glad Trinidad and Tobago is not part of that list.
We owe china which is much much worse
@@wraithking253 We lived with Chinese descendants in Trinidad. they have provided employment and economical goods to many black people. I am not an ungrateful man. The Chinese have never enslaved my people. They are actually more similar to my ancestors' culture than otherwise. They offer a trade, and it was not held at gun point. Africa and the Caribbean needs infrastructure fast and China needs input to feed their factories. We owe them 2 billion USD which is not an insurmountable debt for us to repay. so xie xie to zhōngguó
Whiles the info may be true, imf is not the onlt multilateral lending institution and in fact a lot caribbean island are heavily indebted in the billions.
They always trying to put down Jamaica!🇯🇲🇯🇲🇯🇲
@@jennalud4748 And yet Jamaica is not doing that badly. As a matter of fact, Jamaica's indebtedness to the IMF has dropped drastically from 142% since 2009 to less than 100% by 2019. I'm looking on a FirstCitizen website currently that shows that there are at least 5 Caribbean countries more indebted than Jamaica is. But you don't hear enough people saying this smh
Wow 😢
😮Jamaica got ranked number 1 in debt!! Praying that we won’t be on the list next time!
Never knew cryptocurrency could be so challenging! Kept losing my trades and running back here on CZcams videos to learn more about all this video but is not helpful. I need help
Who else think this crypto is kinda not easy and he/she is looking for way to start
Growing an account requires dedication and Patience
Trading on Demo account is on your own risk
I found this video to be informative and deserving of appreciation. However, I must highlight that emphasis was placed on almost all countries making efforts to repay their debt with the exception of Jamaica. It might be my bias that lead me to the discovery as I sat with bated breath anticipating Jamaica's position. To recognize Jamaica as #1 is unsurprising. To not recognize Jamaica's efforts at repayment of such loans is tragic. as well it could have been made clear that jamaica was the only country listed that did not take out a loan to facilitate its pandemic woes. outside of that, this video was delightful.
You're not biased. Jamaica's section was shoddily done, and if this section was done properly this channel would have recognized Jamaica's promising relationship with the IMF, and how they are projected to lose even more debt. Even IF they have a comparatively higher figure than other countries to pay off, which in fact has dropped significantly from the figure he posted in his video (from his 797 million in February, to about 552 million as of March). Context is important, he makes no effort to explain what Jamaica's figures mean. Smh, I see more people doing research in the comments section than the jack running this channel
For which country did they go into details about repayment strategies and efforts?
Jamaica happens to be the most in debt with over 800mil which isn’t good. It affects the borrowing country and the population within
I would like to see a list of natural resources each of these nations possess. No reason...
Of course I wanted to hear more about how this might affect Caribbean nation economies. In the short term I see no impact. But I also feel the US will not, can not, stand back and watch China’s Yuan take over as the global currency. That’s like a father watching his wife’s lover move into the house and then confine him to sleeping in the guest bedroom. It’s on, people. We might be collateral damage.
Because the husband doesn't give a shit about his wife and kids
The IMF is. very important institution but it should be used as last resort
They are criminals
Owe no man anything except love...
The purposely generous uncle Santa China are happily waiting with it's friendly yet advantage ✨
Expected Dominica 🇩🇲 to make the list, with covid, hurricanes and corruption, of course, but not exorbitant. 🇨🇦
Exorbitant
Isn't all countries corrupt
@@natureislandempress361 yes, just worst in others who can least withstand the high level of,,, political, voter fraud and manipulation, financial, nepotism,,, ya heard 👂,,,
@@natureislandempress361 ... Ignorant people elect the corrupt leaders they deserve.
Watching this video and slowly anticipating Jamaica to be at the number one. I knew it!!
Actually jamaica is doing quite well at reducing its debt compared to some other islands/nations. This report says 92% debt ratio but it's expected to be less than 80% by the end of 2023. Many of the places mentioned have a debt to gdp ratio in excess of 100%. Give credit where credit is due.
@@MeMe-lp4hr ...Credit for getting into debt and having to pay a massive amount of interest over the life of the loan which siphons funds from the local economy? No way they'll pay-off 12% of the debt plus interest in one year.
Blue Economy
As per
My
Suggestion
Was
Inducted
In
Government of India
Budget
19-20
Fiscal
St. Lucia's debt to GDP is at 74%. So this might need updating
Imf, predatory loans
Maybe, but who told the countries to take the loan?
The IMF has been a lifeline for many nations including Jamaica. However, countries must recognize if they want to stay off IMF programs they must practice fiscal prudence....there must be a balance between social spending and economic reform. Too much of anything is always bad.
Lifeline for Polititians. Without the IMF...they would not have a salary!!
@tlocks the IMF was designed to suppress emerging economies. Read their terms and conditions and you will understand.Let me give you two of them.
1 Devalue your currency to be competitive . 2 remove farming subsidiaries. The end result is there for all to see
@@banksbanks2173where do you go to see the imf agreement with Jamaica I'd love to learn more cause if that's the case then you literally can't escapee how will you grow without a booming agricultural sector?
@@kovarcoley8418 CZcams. Jamaica in debt
@@banksbanks2173 If a country wants to borrow money it must be able to repay...right? How else can they repay UNLESS they make changes to their fiscal policies.... to save on expenditures?
big up small island st kitts our country doing good
Is it me or did Jamaica actually took continuous loans for less reason than the other countries like we all heard and saw the different natural disasters in other countries but ours wasn’t even that bad compared to the rest we didn’t even have the worst pandemic and some how we owe more than the rest with real problems
Damn! Jamaica 🇯🇲 and this dosen't includes what they owe to the predatory loans by the Chinese.
You are a blind bat. Jamaica owes China $80 billion Jamaican dollars. That is a far cry from what is owed to the imf. In fact, the Chinese debt is a mere 4 percent of the overall debt.
Everything is included in Jamaica debt to gdp. Jamaica debt to gdp is actually 78% and not 90+%
@@vames1986 You're delusional 😅😂
@@stillirise7813 it is the facts. 800 million usd owed to the imf is how much in jmd? Compare that to the $80 billion jmd we owe the chiney man dem
@@stillirise7813 to break it down. We owe imf over 1.2 trillion Jamaican dollars compared to 80 billion jmd owed to China. So ask yourself, who is the predator?
16:10 < - "bajan" not "barbados" ... it actually says it, in the top right
- its shocking that bahamas, a country of just 10 thousand ppl can run up a debt of $260 million! what did they do?; give everybody 26k each?!
Bahamas population is a little over 400.000 but yes those dept to the IMF is still very high for a country who prides itself of being the richest country in the Caribbean
"Bajan" is slang. "Barbados" was and is the proper name.
Bad math,,, I 🇨🇦
@@matsuihenriques2013 are you quebecoi
Rere can pay it for them
yeah so #5... that's about $750 each... $mall tingz to a Giant!!! 242 We Good
Also, what about the market? When will we tackle the alcohol and drugs in full business daily in the market? Alcohol bars inside the market? Drunkenness and idleness? Where do we go from here? I know we can do better.
Jamaican Government put the money in their pockets
Yes they did!! Glad you can see that!! Many can't!!😂😂😂
I guess you were there when the Government was putting the money as you claim in there pockets, why make such wild and unproven claims, from your statement you don't care for the Government, but the majority of Jamaicans thinks the current Government is doing a good job.
@zuzu Right now, 80% of Jamaican are living in poverty. Are you a Jamaican?
Yep
The current world order was set up to create a Cycle of Dependency on Western First World powers because Dependency is Profitable. The current world order was set up to make some countries, those inhabited by indigenous brown people Beggars, Buyers, Borrowers and Importers and White Western Powers, Givers, Sellers, Lenders, Producers and Exporters. The current world financial system was created by the Imperialist first world to be used as a weapon. The system was never designed for the Developing Third World to break free or to be independent but to become increasingly dependent. There are NO differences between the International Monetary Fund (IMF), World Bank, Inter-American Development Bank (IDB) and The Organization of American States (OAS) they are just tools design to serve the same purpose and the same masters. Working to achieve the same end, which is to create that system and cycle of dependency. The Financial Institutions are weaponized Tools, used to maintain the Current World Order!
Agree, yet these third world countries continue to elect their puppet leaders who serve these western institutional colonial powers. They also know that the electorate is ignorant and incapable of electing competent people to lead them.
On a point of more overstanding, I would like to know why is it that the average poor person cannot get a loan or if they can is a most difficult thing but yet countries were poor they get loans after loans after loan? Why is that?
🇬🇾 owe them too they probably want oil for payment 😮
I already knew who was at #1 !! We love to borrow too much. IMF is never a good option. Feed ourselves and stop take people things !!
🤣talk truth, from mi born dem a borrow and cyaa stop..den a how dem ago pay it back?
@@stargirldebbie6513 neva !! We just have to add it to the budget all the time
I am from Caribbean. The cayman Islands. We own 280 billions dollars of American security bonds debit. And are a Caribbean inlands. But you hear anything about it
@@anthonypaul6788 Americans are in deep debt
@@anthonypaul6788 I know right. There are many Caribbean islands that have a ton of debt yet you hear basically nothing about how indebted they are. Dependent countries like Puerto Rico and U.S. Virgin Islands are major outliers. Cuba is INCREDIBLY indebted yet you never hear this. And yet they keep bringing up the common countries synonymous with debt, with Jamaica being the biggest victim of this. Which is a real shame considering the economy has actually been improving recently! Yet no one takes the time to research anything and so they keep on believing the loud majority who keep regurgitating the same things.
You are asleep. Study more about the IMF and its ownership and agenda.
nothing is free
Good channel
Very informative
But this country of Dominica 🇩🇲 has the richest prime Minister in the Caribbean so why's this so😢
Listen to Bob Marley they make the world so hard every day we keep on fighting for hunger and starvation
TRINIDAD AND TOBAGO no imf😄
Yet
@@akil2746 if had to were of done it already many economy recessions since the last and only time T&T went to the IMF was the mid 80s
Also T&T has a heritage and stability fund ,the largest gold reserves in the Caribbean 1.94 tonnes with one of the best credit rating in the region debt to gdp of 83.30
You should of done a proper research before making illiterate claims dude
@paulfrancis253 I am from Trinidad you a$$hole..the country is mismanaged and only getting by based on energy prices..the country's economy will crash in a few years and end up right at IMF's door. Save ur paragraph for someone else!
Well done Trinidad and Tobago, we did not repeat 1986 we learned.
@@kirtsinnette8364 learn where?
You people are so funny, your consistent and persistent bias and negative portrayal of Jamaica is really fascinating to listen to. Every other country on your list was carried from their past to their current status of their agreements with the IMF, and how those agreements affected the past to the present agreements. Yet when you got to Jamaica you just made it number one based on dollar amount, then you only focused on the 1970's, and left it there, you didn't mention that in the past 10 years we have moved from 147 percent of GDP to the 94 percent you mentioned and that it had gone to 87 percent of GDP prior to the Pandemic, and that we are fast to reduce it back down to the 87 percent it was at. You ignore the fact that economic austerity agreements are no longer imposed on Jamaica and that Fitch gave Jamaica a B+ rating, this year, and that the IMF hails Jamaica as the poster child of an economy which has used the IMF to turn the tide on their economic fortunes. But why ignore all of this, because after watching several of your videos I couldn't find one which didn't find away to present Jamaica in the worst light possible even if you had to be dubious in your presentation of the data found. Bravo you have officially had me make my final decision to stop watching these hack jobs passing off as data-driven lists of the Caribbean this or the Caribbean that. For a Jamaican who understands how data can be used to benefit or hurt, I am sorry your videos are corrupt and insulting, and as a patriotic Jamaican I will not waste anymore of my time watching this anymore. By the way, drop the word Irie and stop the cultural appropriation of a country you clearly hate.
Cool down bro this channel is also an jamacian channel that focuses on the Caribbean,how you can cuss yourselves the stats are also correct and accurate
Jamaica is the biggest debtors in the Caribbean to IMF also to the Chinese; no one is saying Jamaica didn't make economic and infrastructure progress likewise in many other sectors its dept to gdp is reducing but with those IMF economic reforms Jamaica would of been in a much better position without dependence of these institutions
@Paul Francis Facts
@Diane Golding-Frankson You sound hurt, drink some ice cold coconut water😂😂😂😂. Fyi, I'm Jamaican.
@@paulfrancis253, hmm let me guess a self-hating Jamaican who lives aboard and has no clue about anything except what is promoted by these rubbish videos, don't speak to me. Work with whatever makes you sleep at night and leave Jamaica out of your mouth and just forget we exist.
@@diannetgoldingfrankson2105 sorry I had referred to you as bro when in fact your names suggest a lady
Your reply is for me or the Administrator of this channel???
Anyway I'm also proud Trini not Jamaica living in Trinidad not migrated never saw a video on this channel claiming Jamaica has the second highest brain drain and murder rates in the world so they're not truely negative towards Jamaica
which we Caribbean people sometimes love being Patriotic and Prideful but missed some very important objectives that makes our countries and societies functions abnormal at times to the outside world
I myself at times have issues with this channel being biased against T&T but as humans nature or errors they get it right most times this particular video is very much very accurate information
❤❤❤❤❤❤❤
If the IMF organization cared about well being of these small nations then why cant they forgive them
The Leaders Of Those Islands Are The Ones To Do That.
Con artist the imf
Jamaica of to be the worst of everything 😢
Dunce politicians
Jamaica is doing pretty good you were not given any context as it relates to our debt to gdp. Jamaica is more than able to pay its debt we are coming from 200+% debt to gdp down to 78% I would say that is good
@@sniperjify Then how come they can't pay their teachers?
Jamaica produce the most millionaires and billionaires in the Caribbean 2022 Micheal Lee chin the riches Jamaica born and earn wealth in Jamaica no other countries in the Caribbean have more millionaires and billionaires in the Caribbean more than Jamaica even tho it's not the best economic wise the people & culture is is world famous and contributed greatly to the world with Usain bolt statue in the China Great national stadium and Bob Marley & Reggea, ska,Dum Edm ,dancehall Reggea ton ,Founders of Calypso Jamaican harry belafonte,also its own religion Rastafarianism thats built on east African and biblical historic beliefs even hail sillasse came to Jamaica personally to meet the group,Marcus Garvey a legend in black history and freedom fighting that's world renowned even in NYC many street ave and Blvd name after him also in Canada and Britain Germany new Zealand south African Ghana even named a city after Marcus and place a star in there flag because of him etc . Jamaica made the greatest loved and unique chicken season the jerk chicken love all over the world ❤. Jamaican patties.beer red stripe .thing soft drink and blue mountain coffee .plus Jamaican has its own place in hip hop music and is respected for there contribution to the development and partnership with the art form and Americans . Jamaican is loved by both china USA Africa and Europe and many other influencial countries great and small all have Jamaicans in there partnerships which is why JAMAICA flag is at all world institutions ppl wanna know what Jamaicans thinks about the world happening truly a bless bloodline of many races and ppl yes Chinese is our family has well so is the world and all Caribbean people” one love"🇯🇲🇯🇲💯❤️💯🔥
This video's content is misleading. Not only has Jamaica's debt been falling consistently to the point where it is now below 100% of its GDP, but it is also projected by the World Bank to be below 60% in about 2 to 3 years time. That alone would make it one of the least indebted countries in the Caribbean. But taken out of context, this video makes it seem as if Jamaica has a heinous amount of debt with seemingly no way to pay it off. That level of deception makes this channel scummy as all hell, because the average person isn't going to fact check certain things to see how accurate the content is.
Such a small country for number three