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Holness warns lack of economic growth greatest threat to Jamaica's pact with IMF

Published:Sunday | June 14, 2015 | 5:52 PM
Andrew Holness

Opposition leader Andrew Holness is warning that the greatest threat to the current pact with the International Monetary Fund (IMF) is the government's inability to grow the economy.

In a prepared address at a town hall meeting at Jamaica College in St Andrew on the weekend, the Opposition leader acknowledged the necessity of the IMF programme, but criticised the Government's inability to grow the economy.

Supporting his argument with a statement made by US President Barack Obama during his recent visit to the country, Holness said the government has to find ways to spur economic growth even as it makes tough decisions.

He noted that even Haiti has been able to achieve economic growth of more than five per cent, when Jamaica continues to struggle to grow.

The economy is projected to grow some 1.6 per cent this fiscal year.