Shaw’s says the economic climate created by the tough decisions taken by the JLP is the reason the country is on path that will eventually lead to growth, but IMF fails to give credit to the now opposition.
The IMF does not necessarily like any administration that opposes any position taken by the monetary agency and could be the reason they have not spoken favourably about what Shaw and the JLP administration was able to achieve in the 4 yrs they spent in office.
Here is the full Article 4 review.
The current favorable political environment provides an opportunity to address the significant macroeconomic imbalances and rising vulnerabilities, and Directors welcomed the authorities’ progress in developing a comprehensive economic program. Reducing the high level of public debt and boosting growth and competiveness, while improving social conditions, are key priorities. Noting the authorities’ interest in a new arrangement with the Fund, Directors stressed that strong commitment to decisive implementation of the program, underpinned by prudent growth assumptions, will be essential.
I believe that statement is what has Shaw peeved . ( I highlighted the portion I believe has Shaw hopping mad)