Sun | Jan 21, 2018

Opposition leader concerned about implementation of current IMF pact

Published:Sunday | November 19, 2017 | 12:37 PM
Opposition Leader Dr Peter Phillips

Opposition leader Dr Peter Phillips has expressed concern over the way the current Stand-By Arrangement with International Monetary Fund (IMF) is being implemented by the Andrew Holness administration.

During a courtesy call by the IMF managing director, Christine Lagarde on Friday, Dr Phillips said while the nation continues to be an example of fiscal achievement under the IMF interventions, too many people were not enjoying the benefits.

He said the standard of living of most people had fallen.

Dr Phillips told the IMF chief that the people of Jamaica sacrificed much to ensure the success of the programme.

However, he shared concerns over issues with implementing the current agreement in relation to public sector transformation and lagging economic growth.

The Opposition leader said the unabated rise in crime has been a drag on the economy, eroding the gains that have been made over the past years.