The country could breach the net domestic assets test if the central bank continues to print un-backed money to support the government.  The net domestic assets test measures the difference between the monetary base, that is, currency in circulation, cash in bank vaults and bank deposits held at the central bank.

The steep revenue fallout, which continued during the period April to January of this fiscal year, could lead to a failure of the March 31 targets outlined under the agreement with the International Monetary Fund (IMF).

Anya Schnoor, chief executive officer of Scotia DBG Investments, says the Jamaica Debt Exchange Initiative will have a negative impact on the amount of money the company will be able to gobble-up in net interest income in the future and as a result, it will have to accelerate the implementation of plans to become more efficient.

Given the challenges occasioned by the global economic crisis of 2008, companies worldwide had to revisit their strategies and make prudent decisions for sustained profitability and to increase shareholder value.