Sun | Aug 20, 2017

Shaw hits back at Phillips over IMF comment

Published:Thursday | August 25, 2016 | 8:56 PM
Shaw: Phillips should avoid making wild, mischievous comments that are without substance as this may bring Jamaica into disrepute.

Finance Minister Audley Shaw has hit back at his opposition counterpart Dr Peter Phillips over comments about Jamaica’s performance in the latest economic review conducted by the International Monetary Fund (IMF).

Speaking at a People’s National Party (PNP) political meeting in St Mary South East on Sunday, Phillips suggested that the Andrew Holness administration is already regressing under the extended fund facility with the IMF.

According to Phillips, the IMF’s approval of Jamaica's performance was conditional, unlike the clear approvals given under the previous PNP administration.


 

Opposition Spokesman on Finance, Dr. Peter Phillips speaking at a PNP meeting on Sunday

But Shaw has rejected Phillips’ remarks describing them as reckless, irresponsible and infantile.

Shaw asserts that Phillips' comments question the government as well as the IMF.

He says the opposition spokesman should avoid making wild, mischievous comments that are without substance as this may bring Jamaica into disrepute.

On Friday, the IMF gave its assessment of Jamaica's progress in the last quarter saying the country was on track to passing the 13th review.

That assessment covers the first clear period of review under the Jamaica Labour Party administration, which took over the reins of the country in February.