This is the question on the lips of many as they question the many pronouncements being made by the IMF chief in Jamaica which is uncharacteristic of that body. The comments follow on two responses as followup to promises made by the opposition PNP on things it would change or introduce should they be elected.
PNP Comment
- We will introduce JEEP – A short term employment program to get Jamaicans working once again.
IMF Response
- We will not support JEEP, which was a slap in the face of the party which would have to deal with the IMF should they be elected.
PNP Comment
- We will renegotiate the current IMF standby agreement to get a more favourable deal.
IMF Response
- The current deal cannot be renegotiated, a new deal can be struck as this is one is almost over and so renegotiation is not on the drawing board
The international community and more importantly the USA has expressed concerns about a number of persons who are affiliated with the PNP and the re-entry of one particular person, Paul Burke has raised eyebrows in Washington. They are also concerned about a populist being elected in Jamaica (Read Portia Simpson Miller) who they feel will make decisions that are popular vs being prudent. There are concerns too of the very close relationship between the PNP and the Venezuelan PM Hugo Chavez who is a fierce critic of the USA and its policies.
The IMF warning to Jamaica to put its house in order is not an empty one, as we understand that whichever party wins the next election and any new deal to be negotiated come April of next year will have less favourable terms that this one and it would be even more stringent should the PNP be elected. With a cash strapped country to lead, neither Andrew or Portia can go into the open market to source funding and as such we would have to swallow a bitter medicine come April 2012.
The USA has already achieved one of its objective and that was to get rid of Bruce and actually assisted the PNP to this end by surreptitiously leaking information to their man in Jamaica (The MOU MAN) on the existence of the deal between Manatt and the Government of Jamaica.
So is the IMF now the USA weapon to keep Portia and the PNP in opposition and in so doing force the party to dump Portia after a second successive loss thus paving the way for two time losing candidate Peter Phillips ascension to party president?
Interesting times are ahead indeed.
Filed under: Politics | 6 Comments »