Word: seaga
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...renegotiate the international monetary system would take three to five years. Nobody has that much time," Seaga said. "It is necessary to have practical solutions to cope with current problems...
...Seaga's policies, which are aimed at activating the private sector, have received full support from the Reagan administration. Jamaica currently receives large amounts of and from the United States and under the Administration's proposed Caribbean Basin Initiative it would receive even more aid and more favorable trade agreements...
...press conference Seaga was quick to dissociate himself from other Third World leaders, including Manley, who are clamoring for reform of the IMF and its parent organization, the World Bank...
Despite economic gains, Jamaica still has an unemployment rate hovering around 27 percent, according to Seaga. In order to combat the jobless problem. Seaga said he has enacted a large scale program aimed at training 10,000 youths each year in vocational schools and camps...
...biggest threat still facing Jamaica is the worldwide slump in the aluminum industry, which serves as the backbone of the economy, Seaga said. In order to stave off heavy losses the U.S. has been buying up surplus Jamican bauxite, the raw form of aluminum...