Tue | Oct 16, 2018

IMF says it wont micro manage Jamaica

Published:Friday | November 14, 2014 | 5:55 PM

The International Monetary Fund (IMF) says it does not intend to micro manage Jamaica despite efforts by the Opposition to get it to pay attention to the Government’s purchase of the Outameni experience in Trelawny.

Yesterday, in a post on his official Facebook page, the Opposition Leader Andrew Mr. Holness said he brought the matter to the visiting IMF team.

Holness reportedly pointed out to the IMF Review team that the purchase has undermined public trust and will have implications for the Government’s quest to secure an extended wage freeze agreement with workers.

Holness said he also indicated to the IMF that he understands it to be a general requirement of the fiscal responsibility framework that the Government acts prudently in spending public funds and seek to divest loss-making entities.

But questioned about it today, IMF Mission Chief Jan Kees Martjin, refused to comment on the controversy saying the Fund was focused on the macro-economic programme.

The National housing Trust (NHT) has been criticised for spending $180 million to purchase the property, with another $111 million to be used for upgrades.

Critics have said the purchase of an attraction falls outside the mandate of the NHT.

But Prime Minister Portia Simpson Miller, who has responsibility for the NHT, says the Trust did not purchase the attraction but the land.


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