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Jamaica could collapse if IMF negotiations fail - Holness
2012-09-10 12:31:08 | with audio | (0 Comments)
Opposition leader Andrew Holness says the country could collapse, if the government fails to negotiate a new agreement with the International Monetary Fund (IMF).
Opposition Leader Andrew Holness - file photo.
Speaking on Smile Jamaica on TVJ this morning, the former Prime Minister accused the government of using a delay strategy in how it deals with issues including the negotiations with the IMF.
Holness asserted that the delay and lack of leadership on the government’s part is affecting its credibility and stability in the financial market.
Against that background, he has called for the government to take the necessary action to stimulate the economy despite the political consequences.
Holness also believes the time has come for the government to remove the political agenda and focus on the economy as well as take political risks.
He said the People’s National Party administration must also act to address the country’s structural weaknesses, including the tax and pension systems.
The opposition leader said the Portia Simpson-led government must also move away from what he described as the politics of poverty, as it seeks to achieve economic growth.
Listen to Audio clip
Opposition leader Andrew Holness.
Source: The Gleaner/Power 106 News
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