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Columns

What if we do not get that IMF deal?

Monday, January 07, 2013



Dear Editor,

Regarding today's (January 4, 2013) article, titled: Jamaica without IMF by Dennis Chung, this is a well thought-out article, loaded with merits, and one that Dr Peter Phillips, his fellow parliamentarians and Jamaicans in general, should give some consideration.

I was always in disagreement when the previous Government entered into an IMF agreement, and most of us now realise that this was not a good thing.

Regardless of the optics here, the current Government, as well as Jamaican business leaders, seems to see an IMF deal as a lifesaver. Why?

It never ceases to amaze me how much effort the Government is putting out to subject the country to the dictates of the IMF. Mr Chung focused on all of the important points for consideration.

The questions that all of us as Jamaicans should be asking is: What if we do not get the expected IMF deal? How will the country's affairs be managed if we do not get an agreement?

From where I am sitting, that would be a good management plan, focusing on those two questions and building some corrective measures as a goal to combat this. It seems that a wide cross section of Jamaica sees an IMF deal as the panacea for our financial and economic problems. Why is this Government, that I love so much, bent on accepting utter subjugation at the hands of IMF dictates?

I hope that there is a media clipping service for our legislators that will get Mr Chung's article in their reading files immediately. I am also hoping that students at the CAPE level pursuing economics, and those in business management programmes at our Jamaican colleges and universities will clip out this article and keep it for reference purposes.

I am sure that the IMF discussion must be front and centre in business, economic and management courses throughout Jamaican secondary and post-secondary institutions.

Dr Dudley E Morgan

World Wide Resources Training Centers

Calgary, Canada



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