Wed | Jun 23, 2021

The IMF is a no-no

Published:Friday | May 11, 2012 | 12:00 AM


With several commercial banks in Jamaica making super profits, why should we go to the International Monetary Fund (IMF) to carry on the business of our country? They should all get together and collectively provide the means.

I was heartened to hear Her Majesty's speech to the Parliament in London Wednesday morning about the economy in England, family life, etc., and hope that we look carefully at her presentation.

I heard Dr Adrian Stokes on a television programme sometime ago speaking with much gusto how we should embrace the IMF. Bear in mind that I can recall when P.J. Patterson was prime minister, he had hinted to Dr Omar Davies in Parliament that the IMF was a no-no.

I am of the opinion that this multilateral institution is not the right prescription for Jamaica. We are now celebrating 50 years as a sovereign and independent nation.