Sun | Dec 17, 2017

IMF chief hits back at criticism its policies cause greater hardship, increase poverty

Published:Friday | November 17, 2017 | 1:18 PM
IMF managing director Christine Lagarde at a press conference held at the Office of the Prime Minister on November 17. – Ricardo Makyn Photo

The International Monetary Fund's (IMF) chief has dismissed criticism that its programmes in the Caribbean have created more hardships and increased poverty.

Addressing a press conference in Kingston this morning, IMF managing director Christine Lagarde said the multilateral's programmes have always incorporated provisions for social safety net to protect the most vulnerable in the society.

 

Managing Director of the International Monetary Fund, Christine Lagarde

Lagarde says while the IMF's programmes may require countries to make very difficult structural reforms, they are always geared towards promoting economic growth, attracting investments and fostering social development.

In the case of Jamaica, the IMF chief says the country has been performing remarkably under the guidance of the IMF.

 

Managing Director of the International Monetary Fund, Christine Lagarde

In support of the IMF, Prime Minister Andrew Holness says Caribbean countries have to take responsibility for the poor policies and practices that have caused much of the poverty and debt that many countries in the region now face.