LETTER OF THE DAY - IMF no panacea for Jamaica's economic woes
THE EDITOR, SIR:
IN 1995 Prime Minister P.J. Patterson unceremoniously waved "goodbye, ta ta, au revoir" to the board of the International Monetary Fund (IMF) as his administration ended the country's relationship with the fund.
It seems as a cruel twist of fate that in 2012 the current PNP administration is having considerable difficulties with inking a new agreement with the lending agency. With all the hysteria and uncertainty,which now clouds the Jamaican economic landscape, sectors left right and centre are all begging to be returned to the arms of the fund so as to provide for some market stability.
No external third party or institution can truly address our underlying ills, and it would be good for us to face the fact that the fund really has little interest in Jamaican affairs. So, we need to take hold of the economic rudder and seek to collectively navigate the boisterous seas.
NOEL FORBES MATHERSON