Fri | Jul 20, 2018

More calls for gov't to revise wage to GDP target with IMF

Published:Tuesday | January 2, 2018 | 5:26 PM

The call for the government to push for the International Monetary Fund (IMF) to revise the public sector wage to Gross Domestic Product (GDP) target is getting louder as more interest groups express their support.

This morning, general secretary of the Union of Clerical, Administrative and Supervisory Employees (UCASE) John Levy said he supports the call for the provision to be removed.

In a release sent to the media, Levy said UCASE has seen no evidence which places such a target as a most critical feature of any economic programme anywhere.

Last week, president of the Jamaica Manufacturers Association Metry Seaga described the provision as a magical target and suggested that the government seek to have the IMF revise it.

Seaga says the current stand-off between public sector unions and the government over wage increases is evidence that the provision is unrealistic.

The University and Allied Workers Union (UAWU) has also urged the government to revise the stipulation which comes as part of the Precautionary StandBy Arrangement with the IMF.

Jamaica is expected to achieve a Wage to Gross Domestic Product (GDP) ratio of nine per cent or less by 2019.