Tue | Aug 22, 2017

IMF saved us from Venezuela-type meltdown

Published:Wednesday | December 14, 2016 | 12:00 AM

THE EDITOR, Sir:

Having learnt of the galloping inflation troubles that Venezuela has, we need, as a country, to be thankful to the International Monetary Fund for steering us away from that path of near economic collapse.

Although we followed a stringent programme over several years, which affected all Jamaicans, by passing all 14 IMF tests, we can now boast of a favourable upward trend in Jamaica's economy.

We, therefore, need to praise People's National Party President Portia Simpson Miller, as well as Peter Phillips, the former finance minister for their forward vision and hard work in laying a firm foundation on which the current administration can move ahead with the baton.

WESLEY THOMAS

wesleythomas@ymail.com