10 Caribbean Countries Most Indebted To The IMF (International Monetary Fund)

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  • เผยแพร่เมื่อ 23 ธ.ค. 2024

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  • @Jay-hr3rh
    @Jay-hr3rh ปีที่แล้ว +195

    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.

    • @dexterking7662
      @dexterking7662 ปีที่แล้ว

      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.

    • @marculysse1250
      @marculysse1250 ปีที่แล้ว

      ²12¹111

    • @heslycharles7007
      @heslycharles7007 ปีที่แล้ว +3

      Hum😊❤

    • @kingrastatv802
      @kingrastatv802 ปีที่แล้ว +11

      so proud of you

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว +10

      I love what you are offering to do for your country 😊

  • @cleanbowled1767
    @cleanbowled1767 ปีที่แล้ว +67

    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.

    • @sniperjify
      @sniperjify ปีที่แล้ว +10

      Jamaica is fine it is doing what it should be doing at this point in time.

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว +18

      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.

    • @Clairemont7893
      @Clairemont7893 ปีที่แล้ว +4

      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.

    • @Prisoner-jf8vi
      @Prisoner-jf8vi ปีที่แล้ว +19

      ​@@sniperjify Jamaica about to be speaking Chinese in a few years

    • @robinirie98
      @robinirie98 ปีที่แล้ว +6

      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.

  • @tjr-007tt
    @tjr-007tt ปีที่แล้ว +142

    Well done Trinidad and Tobago 🇹🇹 for not making this list!!!

    • @dgenius6745
      @dgenius6745 ปีที่แล้ว +39

      It's nice that we are not on this list but it concerns me that we still owe China billions.

    • @dandaddavi
      @dandaddavi ปีที่แล้ว +18

      ​@D Genius Lol you beat me to it. Being in Debt with China is way worse lol

    • @dgenius6745
      @dgenius6745 ปีที่แล้ว

      Lol very much so, owing China makes you sick for decades

    • @sketchiwith1i264
      @sketchiwith1i264 ปีที่แล้ว +5

      Well thk goodness that's what I came to see

    • @phareztrinimand
      @phareztrinimand ปีที่แล้ว +9

      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

  • @jamiami3804
    @jamiami3804 ปีที่แล้ว +74

    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.

    • @originalmangoose8189
      @originalmangoose8189 ปีที่แล้ว +2

      But a lot of them are lazy

    • @andrewrogers3067
      @andrewrogers3067 ปีที่แล้ว +1

      China is helping them quite a bit too be fair

    • @keeperofoddknowledgesociet3264
      @keeperofoddknowledgesociet3264 ปีที่แล้ว

      IMF CAUSES poverty in all countries that borrow from them. They are parasites

    • @Karmaywp8888
      @Karmaywp8888 ปีที่แล้ว

      That was then.

    • @truth1844
      @truth1844 ปีที่แล้ว

      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.

  • @jimbouchilon389
    @jimbouchilon389 ปีที่แล้ว +87

    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, 🙏🙏🙏

    • @limburgerfarrell3499
      @limburgerfarrell3499 ปีที่แล้ว +3

      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.

    • @Soboj-oy8me
      @Soboj-oy8me ปีที่แล้ว

      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

    • @theresathomas3849
      @theresathomas3849 ปีที่แล้ว +1

      exactly! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

    • @jessicasaunder6965
      @jessicasaunder6965 ปีที่แล้ว

      Hello I'm new here please what exactly kind of investment are you talking about here, I'm really interested too

    • @nengsolavillasorda8519
      @nengsolavillasorda8519 ปีที่แล้ว +2

      Obviously these investment requires much cash and concentration to start?

  • @reazali3605
    @reazali3605 ปีที่แล้ว +18

    Well done Mr. ❤ Rowley of Trinidad and Tobago thank you

    • @stillirise7813
      @stillirise7813 ปีที่แล้ว

      Frfr 👍🏾💯🇹🇹

    • @VerneTobierre
      @VerneTobierre 15 วันที่ผ่านมา +1

      Trinidad is not excluded because Trinidad is owing an outstanding balance of approximately 780.24 million in terms of SDRs

    • @Ramesh98575
      @Ramesh98575 12 วันที่ผ่านมา +1

      @@VerneTobierre Do you know what an SDR is?

  • @goldgirl8771
    @goldgirl8771 ปีที่แล้ว +25

    IMF is wicked for what they did to Haiti, why did the countries let the monies pass through imf

    • @waynejackson169
      @waynejackson169 9 หลายเดือนก่อน

      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 .

    • @VerneTobierre
      @VerneTobierre 15 วันที่ผ่านมา +2

      Don't blame IMF because of Haiti's economic crisis. Haiti has an Imperial System. Therefore, blame the French Government, blame French Investors, blame the Haitian Government. The reason you should have blamed the Haitian Government is because the Haitian Government should have filed for bankruptcy a long time ago, and start at fresh.

  • @sniperjify
    @sniperjify ปีที่แล้ว +56

    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.

    • @christopherp5300
      @christopherp5300 ปีที่แล้ว +18

      It's over 30 odd years Jamaica economy has not grow by 5% not even 2%

    • @adrianwanliss940
      @adrianwanliss940 ปีที่แล้ว +2

      When was Jamaicas debt to GDP >200%?

    • @adrianwanliss940
      @adrianwanliss940 ปีที่แล้ว +4

      @@christopherp5300 that is incorrect… growth/recovery was in excess of 5% for 22/23 financial year

    • @sniperjify
      @sniperjify ปีที่แล้ว +7

      ​@@adrianwanliss940 in 1991 it was 232.82% so in context Jamaica is doing much better now.

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว +23

      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.

  • @xcx23cwea65
    @xcx23cwea65 ปีที่แล้ว +20

    Thanks, This is what most CARICOM media houses do not educate its citizens about.

    • @TheBattleMaster100
      @TheBattleMaster100 9 วันที่ผ่านมา

      Most Caribbean nations want workers, not thinkers.

  • @darienfrancis2799
    @darienfrancis2799 11 หลายเดือนก่อน +2

    Well done. This is the kind of information that should be communicated to the general masses & businesses in these countries

  • @centralplumbing4397
    @centralplumbing4397 13 วันที่ผ่านมา +3

    As of November 30, 2024, the Bahamas had $68.4 million in outstanding purchases and loans to the IMF, and total repayments of $22.8 million.

  • @MeMe-lp4hr
    @MeMe-lp4hr ปีที่แล้ว +20

    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.

    • @truth1844
      @truth1844 ปีที่แล้ว +4

      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.

    • @MeMe-lp4hr
      @MeMe-lp4hr ปีที่แล้ว +1

      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.

    • @Bartolo.Gonzalez
      @Bartolo.Gonzalez 11 หลายเดือนก่อน

      ​@@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.

    • @Bartolo.Gonzalez
      @Bartolo.Gonzalez 11 หลายเดือนก่อน

      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.

    • @ra-neter6662
      @ra-neter6662 14 วันที่ผ่านมา

      Maybe you didnt read. It says DEBT TO IMF. Small islands like jamaica also have weak currencies so you cant just use debt as a marker of its economy

  • @chrisboncamper4282
    @chrisboncamper4282 ปีที่แล้ว +12

    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.

    • @JandiFebie
      @JandiFebie ปีที่แล้ว +5

      If only wishes were horses ...

    • @goldgirl8771
      @goldgirl8771 ปีที่แล้ว +1

      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

    • @kennethmasihdas1316
      @kennethmasihdas1316 ปีที่แล้ว +1

      @ 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.

    • @JandiFebie
      @JandiFebie ปีที่แล้ว +1

      @@kennethmasihdas1316 LOL pray tell us much of this incredible progress you speak of O wise one.

    • @irenemcauliffe9478
      @irenemcauliffe9478 ปีที่แล้ว

      Because of the oil hopefully.

  • @andreduncan4224
    @andreduncan4224 ปีที่แล้ว +17

    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.

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว +3

      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.

    • @lee-ln5bg
      @lee-ln5bg ปีที่แล้ว

      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

    • @eunicepitt5339
      @eunicepitt5339 ปีที่แล้ว

      It owing a lots of money keep on going to the imf and borrowing

    • @luissuardijimenez8278
      @luissuardijimenez8278 ปีที่แล้ว

      Jajajaja 😅.

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว +1

      @@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

  • @cleanbowled1767
    @cleanbowled1767 ปีที่แล้ว +20

    The IMF: The economic version of a "blessing and curse" all in one!!!

    • @Sunset0071951
      @Sunset0071951 ปีที่แล้ว

      Remember the Source! Who started it? Why? Anything of European origin is from Satan Himself! Especially as they relate to African People!

    • @goldgirl8771
      @goldgirl8771 ปีที่แล้ว

      Agree never borrow from them you will be paying all you life

  • @williamsobilika6255
    @williamsobilika6255 ปีที่แล้ว +5

    I like this. Its an eye opener to the current generation to tread carefully when dealing with this institution.

  • @marilynsue1605
    @marilynsue1605 ปีที่แล้ว +25

    Thanks T&T for not being on this list.🇹🇹👍

  • @kirkwilliams5740
    @kirkwilliams5740 ปีที่แล้ว +3

    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.

  • @PRECIUZ739
    @PRECIUZ739 ปีที่แล้ว +5

    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.

    • @amosyankey2059
      @amosyankey2059 13 วันที่ผ่านมา

      Just for clarification, are you referring to Dominican Republic or the Commonwealth of Dominica? The latter is a beautiful Island called the Nature Island of Caribbean 🇩🇲

  • @illuminatiilluminati7344
    @illuminatiilluminati7344 ปีที่แล้ว +25

    MY JAMAICA IS ALWAYS #1 WHETHER ITS GOOD OR BAD ...JAMAICA IS THE CLOSEST PLACE TO HEAVEN.

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว +6

      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.

    • @sunstarthunderlighting6983
      @sunstarthunderlighting6983 ปีที่แล้ว +1

      @@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🤥

    • @shauncameron8390
      @shauncameron8390 ปีที่แล้ว

      @@sunstarthunderlighting6983
      LOL @ Jamaica doing great in the 1970's. Manley bankrupted it and chased out whatever middle class it had.

    • @audleymclean3724
      @audleymclean3724 ปีที่แล้ว +4

      @@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.

    • @truth1844
      @truth1844 ปีที่แล้ว +11

      Pride will not resolve your financial woes. That's some serious delusion.

  • @FGPR01BrunoCauz
    @FGPR01BrunoCauz ปีที่แล้ว +4

    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.

    • @amosyankey2059
      @amosyankey2059 13 วันที่ผ่านมา

      About 4000 of the descendants live in Dominica🇩🇲 today - the Kalinago people.

  • @sophiemclarke6556
    @sophiemclarke6556 ปีที่แล้ว +4

    What is the loans interest rate?

    • @pat8497
      @pat8497 9 วันที่ผ่านมา +1

      Sure it's not a flat rate.

  • @timmyark875
    @timmyark875 ปีที่แล้ว +23

    Trinidad and Tobago don't fuck with imf

    • @stillirise7813
      @stillirise7813 ปีที่แล้ว +5

      Real talk 💯

    • @curtiss744
      @curtiss744 ปีที่แล้ว +9

      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 .

    • @bevsmith2040
      @bevsmith2040 ปีที่แล้ว +2

      @curtiss744 Yes, tourism and remittances from the diaspora.

    • @dandaddavi
      @dandaddavi ปีที่แล้ว +2

      Yeah because ya'll already owe China Billions due to lending. That's actually worse than owing the IMF.

    • @stillirise7813
      @stillirise7813 ปีที่แล้ว +4

      @@dandaddavi Source?

  • @petrabridgemohan7006
    @petrabridgemohan7006 ปีที่แล้ว +12

    Wonderful documentary with great caribbean focus
    Many surprises like bahamas abd barbados
    So is saving or ensaving....
    Econmic enslavement 😮

    • @HeatherO.M.Headley
      @HeatherO.M.Headley 15 วันที่ผ่านมา

      In studies at UWI Cave Hill, in Political Science I learned of the rationale for the IMF.
      It is no surprise to me that governments and by extension are in the payment crisis.

  • @hrhkee
    @hrhkee ปีที่แล้ว +20

    I want to know how so many resourceful countries end up in so much debt.

    • @tremayneestwick2561
      @tremayneestwick2561 ปีที่แล้ว

      Natural and man made disasters along with corruption

    • @oralbrown1101
      @oralbrown1101 ปีที่แล้ว +17

      Simple politicians

    • @jamiami3804
      @jamiami3804 ปีที่แล้ว +17

      By design, meaning it was deliberately done.

    • @JAM2USA2018
      @JAM2USA2018 ปีที่แล้ว +14

      Corrupt politicians, leading a Corrupt state that's how.

    • @susanshort9328
      @susanshort9328 ปีที่แล้ว +7

      That’s what the IMF does

  • @earlsmith9286
    @earlsmith9286 ปีที่แล้ว +5

    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?

    • @truth1844
      @truth1844 ปีที่แล้ว

      Why take a loan from a loan shark? Why do ignorant people keep electing corrupt and incompetent leaders?

  • @fenelataraud6131
    @fenelataraud6131 ปีที่แล้ว +2

    St. Lucia 🇱🇨 basically made the list because of covid-19... INTERESTING!!!

  • @ikatelx1503
    @ikatelx1503 ปีที่แล้ว +4

    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

  • @desmondburnett9286
    @desmondburnett9286 ปีที่แล้ว

    could someone provide me with the interest rate on each loan. as interest rate is vital to all borrowing

  • @lucyguiland-nt9vu
    @lucyguiland-nt9vu ปีที่แล้ว +5

    God bless 🙌 these islands may they have or get means to help elves

  • @devonwalker1871
    @devonwalker1871 ปีที่แล้ว +1

    Really appreciate this information.

  • @banksbanks2173
    @banksbanks2173 ปีที่แล้ว +24

    This right here is what you call a debt trap.

    • @barefoot_wanderer3625
      @barefoot_wanderer3625 ปีที่แล้ว

      I wonder if the c 19 plandemic was created to put these countries into further debt to the IMF

    • @barefoot_wanderer3625
      @barefoot_wanderer3625 ปีที่แล้ว

      @@richardwilliams3366 IMF = create the problem and the solution

    • @shauncameron8390
      @shauncameron8390 ปีที่แล้ว

      @@barefoot_wanderer3625
      No. The IMF is just a consequence of bad economics by local politicians.

    • @fereenewalker4297
      @fereenewalker4297 ปีที่แล้ว +1

      True

  • @melvinbridgewater6402
    @melvinbridgewater6402 ปีที่แล้ว +2

    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. 👏

  • @backedupwithtruth7525
    @backedupwithtruth7525 ปีที่แล้ว +7

    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

    • @ThomasSmith-nk3zy
      @ThomasSmith-nk3zy ปีที่แล้ว +1

      I say the same thing

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว

      Makes sense, given their economies are currently really large

    • @stillirise7813
      @stillirise7813 11 หลายเดือนก่อน +1

      Jamaicans are always against Caribbean unification, they believe they are more famous and other small island should be glad to be in their presence.

    • @Tejaye777
      @Tejaye777 7 หลายเดือนก่อน +1

      @@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"

    • @stillirise7813
      @stillirise7813 7 หลายเดือนก่อน +3

      @Tejaye777 They can't help having the feeling of superiority, but when you peel back the layers you will see They are truly insecure

  • @memphisr2956
    @memphisr2956 ปีที่แล้ว +7

    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

  • @ulizesedijkhoff9611
    @ulizesedijkhoff9611 ปีที่แล้ว +1

    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.

  • @jayvonnoelsmith8445
    @jayvonnoelsmith8445 ปีที่แล้ว +2

    My background is Jamaican 🇯🇲 Grenadian 🇬🇩

  • @pepsiebascombe182
    @pepsiebascombe182 23 วันที่ผ่านมา

    Excellent economical information.. thank you.

  • @lucyguiland-nt9vu
    @lucyguiland-nt9vu ปีที่แล้ว +3

    THANK YOU, IMF THIS PROGRAM DHOULD BE MORE PUBLIC Knowledge is power an more need this information 😀

  • @heatherlawson1450
    @heatherlawson1450 ปีที่แล้ว +2

    Being self reliant would definitely reduce the debt and stabilize the economy

  • @donovanwright1563
    @donovanwright1563 ปีที่แล้ว +5

    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

  • @Dangic23
    @Dangic23 ปีที่แล้ว +1

    SDR is the de facto global currency.
    In October 2016 China was going to become the world currency, but instead joined the SDR basket.

  • @each1-teach1
    @each1-teach1 ปีที่แล้ว +5

    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?!

    • @paulfrancis253
      @paulfrancis253 ปีที่แล้ว +1

      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

    • @TheUnculturedIgbo
      @TheUnculturedIgbo ปีที่แล้ว +4

      "Bajan" is slang. "Barbados" was and is the proper name.

    • @matsuihenriques2013
      @matsuihenriques2013 ปีที่แล้ว +1

      Bad math,,, I 🇨🇦

    • @BGI_guy
      @BGI_guy ปีที่แล้ว

      ​@@matsuihenriques2013 are you quebecoi

    • @fereenewalker4297
      @fereenewalker4297 ปีที่แล้ว

      Rere can pay it for them

  • @GladysGlasgow
    @GladysGlasgow 7 วันที่ผ่านมา

    Well done Mr Rowley keep Trinidad and Tobago proud 🇹🇹

  • @jadeanomuzik8849
    @jadeanomuzik8849 ปีที่แล้ว +8

    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.

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว +2

      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

    • @sonofham3783
      @sonofham3783 ปีที่แล้ว

      For which country did they go into details about repayment strategies and efforts?

  • @troyirons5059
    @troyirons5059 11 วันที่ผ่านมา

    thank you for this important information

  • @rrsp60
    @rrsp60 ปีที่แล้ว +12

    They should all play the Powerball
    Lottery.😂

  • @janiceadams6997
    @janiceadams6997 ปีที่แล้ว +1

    Where is Guyana on your list

  • @rohangregory2717
    @rohangregory2717 ปีที่แล้ว +3

    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.

    • @jennalud4748
      @jennalud4748 ปีที่แล้ว

      They always trying to put down Jamaica!🇯🇲🇯🇲🇯🇲

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว

      @@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

  • @devonfrancis5921
    @devonfrancis5921 ปีที่แล้ว

    Great information

  • @shewhoknows.792
    @shewhoknows.792 ปีที่แล้ว +6

    From me born circa 1980, Jamaica owe IMF and my great grand will be paying that debt. SMH

    • @FBA-2023
      @FBA-2023 ปีที่แล้ว +2

      Not to mention 80 billion to the Chinese.

    • @sniperjify
      @sniperjify ปีที่แล้ว

      @@FBA-2023 ok so now you start to pull figures out your ass

    • @runroad5009
      @runroad5009 9 วันที่ผ่านมา

      @@FBA-2023 jamaica did pay off IMF and went back to them.

  • @ramonnelson7007
    @ramonnelson7007 ปีที่แล้ว +1

    Jamaica happens to be the most in debt with over 800mil which isn’t good. It affects the borrowing country and the population within

  • @quintinfranklin9168
    @quintinfranklin9168 ปีที่แล้ว +9

    Loan sharks is their true title!

  • @tlocksl84
    @tlocksl84 ปีที่แล้ว +13

    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.

    • @tombrabenec1115
      @tombrabenec1115 ปีที่แล้ว +2

      Lifeline for Polititians. Without the IMF...they would not have a salary!!

    • @banksbanks2173
      @banksbanks2173 ปีที่แล้ว +7

      @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

    • @kovarcoley8418
      @kovarcoley8418 ปีที่แล้ว +2

      ​@@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?

    • @banksbanks2173
      @banksbanks2173 ปีที่แล้ว

      @@kovarcoley8418 TH-cam. Jamaica in debt

    • @red-hat-mike
      @red-hat-mike ปีที่แล้ว +2

      @@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?

  • @VerneTobierre
    @VerneTobierre 15 วันที่ผ่านมา

    I believe it's a good thing the IMF banking system is existing in regard to assist countries with loans, particularly Caribbean countries in order to conduct business which helps to relieve inflationary pressures, as far as, economic stimulus to help suppress hyperinflation because most of those countries lack natural resources to help generate revenue. Furthermore, obtaining loans from IMF can finance infrastructural projects in order to stimulate the economy as far as creating employment opportunities, such as, in the development of roads, bridges, schools, electricity, hotels, factories, hospitals etc, etc.

  • @gregorfong-rose910
    @gregorfong-rose910 ปีที่แล้ว +3

    Excellent information

  • @OhhJaviidon
    @OhhJaviidon ปีที่แล้ว +2

    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

    • @pat8497
      @pat8497 19 วันที่ผ่านมา

      Corruption

  • @echeverrialewis2658
    @echeverrialewis2658 ปีที่แล้ว +8

    Once Trinidad not here.... I good 😅lol

    • @SuperBullaMan
      @SuperBullaMan ปีที่แล้ว +2

      Lol, oil money 💰

    • @dandaddavi
      @dandaddavi ปีที่แล้ว

      Ya'll are still in debt with China for Billions. That's actually worse 😂

    • @wraithking253
      @wraithking253 ปีที่แล้ว +1

      We owe china which is much much worse though

    • @thegeneral4776
      @thegeneral4776 ปีที่แล้ว +2

      @@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

    • @cynthiaedwards954
      @cynthiaedwards954 ปีที่แล้ว

      Predatory lenders.😭😭

  • @justincase1276
    @justincase1276 11 วันที่ผ่านมา

    Data is incorrect, jamaica dept to Gdp in 2023 was 73.3% and currently 67.88%

  • @diannetgoldingfrankson2105
    @diannetgoldingfrankson2105 ปีที่แล้ว +39

    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.

    • @paulfrancis253
      @paulfrancis253 ปีที่แล้ว +24

      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

    • @GI4JESUS
      @GI4JESUS ปีที่แล้ว +2

      @Paul Francis Facts

    • @GI4JESUS
      @GI4JESUS ปีที่แล้ว

      @Diane Golding-Frankson You sound hurt, drink some ice cold coconut water😂😂😂😂. Fyi, I'm Jamaican.

    • @diannetgoldingfrankson2105
      @diannetgoldingfrankson2105 ปีที่แล้ว

      @@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.

    • @paulfrancis253
      @paulfrancis253 ปีที่แล้ว +5

      @@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

  • @joythompson6246
    @joythompson6246 ปีที่แล้ว

    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.

  • @susanshort9328
    @susanshort9328 ปีที่แล้ว +3

    Gee, notice how that “evil” bad guy, Cuba, doesn’t owe a goddam penny. Hmmm

  • @tylerbarclay4151
    @tylerbarclay4151 ปีที่แล้ว

    Good reporting but the music is too much

  • @bevanharry5058
    @bevanharry5058 ปีที่แล้ว +6

    Only 1 country do not owe Imf trinidad

    • @sfdosoca
      @sfdosoca 23 วันที่ผ่านมา +1

      @@bevanharry5058 TRINBAGO FOREVER.🇹🇹

  • @thomassilcott3419
    @thomassilcott3419 ปีที่แล้ว

    ❤ Good education

  • @echostrail181
    @echostrail181 ปีที่แล้ว +2

    Why is ja🇯🇲,being the most indebted to the I-M -F.and Cuba with ZERO debt, why

  • @kentclare8410
    @kentclare8410 ปีที่แล้ว +3

    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.

    • @banksbanks2173
      @banksbanks2173 ปีที่แล้ว

      Because the husband doesn't give a shit about his wife and kids

  • @t.brooks7602
    @t.brooks7602 ปีที่แล้ว +1

    I would like to see a list of natural resources each of these nations possess. No reason...

  • @barrytelesford5265
    @barrytelesford5265 ปีที่แล้ว +5

    glad Trinidad and Tobago is not part of that list.

    • @wraithking253
      @wraithking253 ปีที่แล้ว

      We owe china which is much much worse

    • @barrytelesford5265
      @barrytelesford5265 ปีที่แล้ว +5

      @@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

  • @judahlion2
    @judahlion2 ปีที่แล้ว +1

    Jamaica is about to join the oil producing nations. Drilling starts in January 2024. 2.4 billion barrels have so far been identified and gas has also been discovered. In addition large deposits of copper and gold have been discovered and drilling is to start soon. China is expanding our Port to become the largest Transhipment Port in the Carribbean and the world. Jamaica is definitely a nation to watch. Cleff Bedward

    • @angellasmart7116
      @angellasmart7116 ปีที่แล้ว

      China is the one who will be gaining not Jamaica , that's gonna be sad.

    • @irenemcauliffe9478
      @irenemcauliffe9478 ปีที่แล้ว

      While China takes it away.

    • @sonofham3783
      @sonofham3783 ปีที่แล้ว +2

      Even if all that is TRUE, which l doubt, how will the common person benefit? How will their standard of living increase and the crime be reduced?

    • @stillirise7813
      @stillirise7813 ปีที่แล้ว

      You're delusional 😅😂😂

  • @Rawn-r9k
    @Rawn-r9k 12 วันที่ผ่านมา

    Well I don't know much about guyana dealings with the IMF but what I do know things is looking cool for now do hope guyana could help our carribean countries Jah Love 😊

  • @matsuihenriques2013
    @matsuihenriques2013 ปีที่แล้ว +5

    Expected Dominica 🇩🇲 to make the list, with covid, hurricanes and corruption, of course, but not exorbitant. 🇨🇦

    • @dawncumberbatch7062
      @dawncumberbatch7062 ปีที่แล้ว +2

      Exorbitant

    • @natureislandempress361
      @natureislandempress361 ปีที่แล้ว

      Isn't all countries corrupt

    • @matsuihenriques2013
      @matsuihenriques2013 ปีที่แล้ว

      @@natureislandempress361 yes, just worst in others who can least withstand the high level of,,, political, voter fraud and manipulation, financial, nepotism,,, ya heard 👂,,,

    • @truth1844
      @truth1844 ปีที่แล้ว

      @@natureislandempress361 ... Ignorant people elect the corrupt leaders they deserve.

  • @patriciabrown8604
    @patriciabrown8604 ปีที่แล้ว

    😮Jamaica got ranked number 1 in debt!! Praying that we won’t be on the list next time!

  • @MELVERTONNEWELL-ex7fy
    @MELVERTONNEWELL-ex7fy ปีที่แล้ว +5

    The more Jamaica devalue it's dollar the more it takes to pay the IMF debt loan

    • @kennethmasihdas1316
      @kennethmasihdas1316 ปีที่แล้ว +2

      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.

  • @tickedoffsheikh8587
    @tickedoffsheikh8587 ปีที่แล้ว

    What about Guyana 🇬🇾, part of Caricom?

    • @yd3057
      @yd3057 ปีที่แล้ว +1

      No 😂

    • @lloydmoore982
      @lloydmoore982 ปีที่แล้ว

      @@yd3057 what's so funny? Guyana is within a region that's way more advanced than the Caribbean. economically, militarily, industrially, just that culturally, Guyana have more in common with our Caribbean brothers & sisters. Guyana not indebted to the IMF, and presently have one of the world's fastest growth rate.

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว +2

      Haven't you heard? Thanks to its recently discovered barrels of oil reserves, Guyana's debts are basically non-existent.

    • @Alexis-ln2hp
      @Alexis-ln2hp ปีที่แล้ว

      We're close to financial stability. We're oil rich now

    • @thetruth9763
      @thetruth9763 ปีที่แล้ว

      Guyana is not in the Caribbean nobody in the Caribbean like or care about Guyana

  • @elijahpatel5062
    @elijahpatel5062 ปีที่แล้ว +4

    Never knew cryptocurrency could be so challenging! Kept losing my trades and running back here on TH-cam videos to learn more about all this video but is not helpful. I need help

    • @mariagimenez883
      @mariagimenez883 ปีที่แล้ว

      Who else think this crypto is kinda not easy and he/she is looking for way to start

    • @moroccanbeauty4070
      @moroccanbeauty4070 ปีที่แล้ว

      Growing an account requires dedication and Patience

    • @ayuhamzah9001
      @ayuhamzah9001 ปีที่แล้ว

      Trading on Demo account is on your own risk

  • @ianphillips2103
    @ianphillips2103 ปีที่แล้ว +3

    The IMF is. very important institution but it should be used as last resort

  • @ar123..._
    @ar123..._ ปีที่แล้ว

    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?

  • @plenty3494
    @plenty3494 ปีที่แล้ว +15

    Damn! Jamaica 🇯🇲 and this dosen't includes what they owe to the predatory loans by the Chinese.

    • @vames1986
      @vames1986 ปีที่แล้ว

      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.

    • @sniperjify
      @sniperjify ปีที่แล้ว +1

      Everything is included in Jamaica debt to gdp. Jamaica debt to gdp is actually 78% and not 90+%

    • @stillirise7813
      @stillirise7813 ปีที่แล้ว +2

      ​@@vames1986 You're delusional 😅😂

    • @vames1986
      @vames1986 ปีที่แล้ว +1

      @@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

    • @vames1986
      @vames1986 ปีที่แล้ว

      @@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?

  • @user-xm9sb5zv8t
    @user-xm9sb5zv8t ปีที่แล้ว +2

    The purposely generous uncle Santa China are happily waiting with it's friendly yet advantage ✨

  • @kentonburke4433
    @kentonburke4433 ปีที่แล้ว +3

    Watching this video and slowly anticipating Jamaica to be at the number one. I knew it!!

    • @MeMe-lp4hr
      @MeMe-lp4hr ปีที่แล้ว

      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.

    • @truth1844
      @truth1844 ปีที่แล้ว

      @@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.

  • @vesuviusenigma7739
    @vesuviusenigma7739 ปีที่แล้ว +3

    Jamaica nice mon! (Tourist after smoking his tenth spliff)

    • @pat8497
      @pat8497 19 วันที่ผ่านมา

      TRUE DAT!

  • @jasonwills1990
    @jasonwills1990 ปีที่แล้ว

    Thank you

  • @jamaicantillidie6626
    @jamaicantillidie6626 ปีที่แล้ว +4

    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!

    • @truth1844
      @truth1844 ปีที่แล้ว

      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.

  • @E.Z.Walker3693
    @E.Z.Walker3693 10 หลายเดือนก่อน +2

    My Jamaica love to be number 1😊🇯🇲

    • @pat8497
      @pat8497 19 วันที่ผ่านมา +2

      SO sad.

  • @2xtreem4you
    @2xtreem4you ปีที่แล้ว +7

    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 !!

    • @stargirldebbie6513
      @stargirldebbie6513 ปีที่แล้ว +1

      🤣talk truth, from mi born dem a borrow and cyaa stop..den a how dem ago pay it back?

    • @2xtreem4you
      @2xtreem4you ปีที่แล้ว +1

      @@stargirldebbie6513 neva !! We just have to add it to the budget all the time

    • @anthonypaul6788
      @anthonypaul6788 ปีที่แล้ว +1

      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

    • @2xtreem4you
      @2xtreem4you ปีที่แล้ว

      @@anthonypaul6788 Americans are in deep debt

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว

      @@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.

  • @arunavadasgupta2147
    @arunavadasgupta2147 ปีที่แล้ว

    Blue Economy
    As per
    My
    Suggestion
    Was
    Inducted
    In
    Government of India
    Budget
    19-20
    Fiscal

  • @dr.geraldzuniga233
    @dr.geraldzuniga233 ปีที่แล้ว +6

    You are asleep. Study more about the IMF and its ownership and agenda.

    • @kwabenatree
      @kwabenatree ปีที่แล้ว

      nothing is free

    • @pat8497
      @pat8497 19 วันที่ผ่านมา

      YEP!!

  • @peteprince912
    @peteprince912 ปีที่แล้ว

    Good channel
    Very informative
    But this country of Dominica 🇩🇲 has the richest prime Minister in the Caribbean so why's this so😢

  • @Loida2160
    @Loida2160 ปีที่แล้ว +3

    Wao I love Dominica republic

    • @natureislandempress361
      @natureislandempress361 ปีที่แล้ว +2

      Point of correction is not Dominica republic is Dominican Republic

  • @telecasterblast
    @telecasterblast ปีที่แล้ว

    One word, bitcoin. Great video.

  • @iancrooks9612
    @iancrooks9612 ปีที่แล้ว +3

    Imf, predatory loans

    • @shauncameron8390
      @shauncameron8390 ปีที่แล้ว

      Maybe, but who told the countries to take the loan?

  • @SpunkyTings
    @SpunkyTings ปีที่แล้ว +2

    How come Trinidad & Tobago not mentioned? Did the present Govt put things in place to ensure that our financial situation is not broadcasted?

    • @Trinavara
      @Trinavara ปีที่แล้ว +5

      Think of a better reason why T&T isn't mentioned...think HARRRD!!

    • @SpunkyTings
      @SpunkyTings ปีที่แล้ว

      @@Trinavara Our actual debt to GDP is WAY WAY past all the others

    • @Trinavara
      @Trinavara ปีที่แล้ว +6

      @Adrean Rush T&Ts debt to GDP ratio is the lowest in the region and relatively low compared to many counties in the world, get your facts right...

    • @SpunkyTings
      @SpunkyTings ปีที่แล้ว +1

      @@Trinavara Wow Did not think I would come across an independent thinker.. I'm not a political supporter sorry

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว +2

      @@SpunkyTings Funny how many people are saying Trinidad & Tobago is financially in trouble... for most of my life I've grown up thinking that T&T is a rich country.

  • @paulfrancis253
    @paulfrancis253 ปีที่แล้ว +13

    TRINIDAD AND TOBAGO no imf😄

    • @akil2746
      @akil2746 ปีที่แล้ว +1

      Yet

    • @paulfrancis253
      @paulfrancis253 ปีที่แล้ว +13

      @@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

    • @akil2746
      @akil2746 ปีที่แล้ว +1

      @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!

    • @kirtsinnette8364
      @kirtsinnette8364 ปีที่แล้ว +10

      Well done Trinidad and Tobago, we did not repeat 1986 we learned.

    • @akil2746
      @akil2746 ปีที่แล้ว +1

      @@kirtsinnette8364 learn where?

  • @mckenzydukhedin581
    @mckenzydukhedin581 ปีที่แล้ว

    Yes it is one of the biggest decisions you will have to take ,

  • @sal8349
    @sal8349 ปีที่แล้ว +3

    0.5 on the list - Trinidad and Tobago

    • @artworkshop586
      @artworkshop586 ปีที่แล้ว

      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 wish the 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"🇯🇲🇯🇲💯❤️💯🔥

  • @malikwazhere7586
    @malikwazhere7586 ปีที่แล้ว

    St.lucia 480m?

  • @MichaelSmith-oc5mh
    @MichaelSmith-oc5mh ปีที่แล้ว +10

    Jamaica of to be the worst of everything 😢

    • @alphaseeker8136
      @alphaseeker8136 ปีที่แล้ว +1

      Dunce politicians

    • @sniperjify
      @sniperjify ปีที่แล้ว +1

      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

    • @stillirise7813
      @stillirise7813 ปีที่แล้ว

      ​@@sniperjify Then how come they can't pay their teachers?

    • @artworkshop586
      @artworkshop586 ปีที่แล้ว

      ​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"🇯🇲🇯🇲💯❤️💯🔥

    • @the-development-scribbler
      @the-development-scribbler ปีที่แล้ว

      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.

  • @hd86star
    @hd86star 11 หลายเดือนก่อน

    St. Lucia's debt to GDP is at 74%. So this might need updating

  • @wilddan1072
    @wilddan1072 ปีที่แล้ว +3

    Con artist the imf