DiscoverThe Economics ShowHow to cut government debt, with Robin Wigglesworth
How to cut government debt, with Robin Wigglesworth

How to cut government debt, with Robin Wigglesworth

Update: 2024-09-30
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Jamaica’s economy struggled for decades, and at one point it had amassed debts worth more than 140 per cent of GDP. Even the IMF wouldn’t return its calls. But somehow, in the 2010s, it managed to halve its government debt – over just seven years. Today on the show, we ask how they did it, and what lessons Jamaica can teach much larger economies. 


Soumaya Keynes writes a column each week for the Financial Times. You can find it here


Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.


Read a transcript of this episode on FT.com



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How to cut government debt, with Robin Wigglesworth

How to cut government debt, with Robin Wigglesworth