Analysts respond to new debt exchange

Financial Analysts, Ralston Hyman and Dennis Chung, say the government had no choice but to offer a debt exchange.

However, Hyman says it is a huge sacrifice for Jamaicans who will see some of their plans being derailed because of the initiative.

Hyman says he had hoped the government would have given more information on how it will grow the economy as without such a growth strategy, the country could be in the same position in another three years.

Chung agrees that the debt exchange will only provide breathing room for the government to implement other strategies.

Meanwhile, businessman Gordon Swaby says the initiative is tough but necessary.

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