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Economy / Jamaica

Jamaica

June 2012 | Risk Summary

Agricultural Minister Roger Clarke of the ruling People's National Party (PNP) has accused the former Jamaica Labour Party government of selling the country short in its 2010 negotiations to divest a number of sugar plantations to Chinese company Complant International. Specifically, Clarke has announced he has a letter indicating that the previous government knew the country had little to gain from the sale. We believe the minister's announcement is reflective of the fact that the 2012/13 budget negotiation process has become increasingly fraught and politicized, such that the PNP is looking to blame the previous government for Jamaica's poor economic health.

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