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Opposition warns gov't not to privatise Jamaica Mortgage Bank

Dr. Morais Guy, Opposition Spokesman on Housing, is warning the government not to go through with its planned privatisation of the Jamaica Mortgage Bank.
 
Following the listing of Wigton Windfarm on the Jamaica Stock Exchange, the government disclosed that the mortgage bank would be next in line for privatisation.
 
But Dr. Guy disagrees with the plan, arguing that the main problem facing the entity is under-capitalisation, which is affecting its ability to lend to developers.
 


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