Fund Spins Positive Face on Ja Deal
Feb 5th, 2010 | By Mark Lee | Category: Headlines
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The International Monetary Fund has put out a video that sells its new $1.25 billion agreement with Jamaica in a positive light. Past agreements in the 1970s and 80s resulted in severe hardships on wage earners, as public sector jobs were cut, social services reduced or eliminated and public assets sold.
The Fund announced Thursday, March 4, that the new deal, while forcing some austerity, shows a more caring face with greater consideration for social programmes and stability.
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Aha! So, now the IMF is a social welfare agency? Or is it the god from on high sent to deliver the sufferers on the rock?