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'No room for error' - Gov't retreat points to importance of debt management

Jamaica Gleaner "THE GOVERNMENT has said there would be no room for failure when it implements its debt-management programme, which is said to be a critical plank of its economic agenda.

Information Minister Daryl Vaz told The Gleaner yesterday that Cabinet, which had just emerged from a four-day retreat, signed off on a new policy position, which could have 'far reaching consequences' if not properly implemented.

'It has to be something that is fully supported by all ... it will be the most significant change that is going to come about, save and except for the IMF agreement,' Vaz said.

Finance Minister Audley Shaw told a post-Cabinet press briefing last week that the Government would be undertaking an initiative aimed at reducing interest rates."

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