The reason you debt has spiralled is because you guys have spent six years dithering. If you had set yourselves to doing the hard work of reforming, liberalizing the economy, and privitizing all those things the government should never have owned anyway then your economy would have started growing again years ago. Plus the privitizations sales would have raised money to pay down debt. Instead you guys chose to do nothing but sit there, not improving the economy, and just letting debt pile up. Not a smart move on your part.
Hell, to this day your government continues to block the construction of new hotels to protect special interests in the form of existing hotels from competition. That is madness. You should be welcoming any and all foreign investment as it creates jobs and economic growth plus the additional capacity would make your tourism industry more competitive.
Hell, to this day your government continues to block the construction of new hotels to protect special interests in the form of existing hotels from competition. That is madness. You should be welcoming any and all foreign investment as it creates jobs and economic growth plus the additional capacity would make your tourism industry more competitive.
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