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IMF scoffs at criticism its programmes created more hardship in the Caribbean

The International Monetary Fund's (IMF) chief has dismissed criticism that its programmes in the Caribbean have created more hardships and increased poverty.
 
Addressing a press conference in Kingston Friday morning, IMF Managing Director Christine Lagarde said the multilateral's programmes have always incorporated provisions for social safety net to protect the most vulnerable in the society.
 
Lagarde said while the IMF's programmes may require countries to make very difficult structural reforms, they are always geared towards promoting economic growth, attracting investments and fostering social development.
 
In the case of Jamaica, the IMF chief said the country has been performing remarkably under the guidance of the IMF.


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