The West Indies Group of University Teachers, WIGUT, is recommending that the government renegotiate the IMF programme’s primary surplus target of 7-point-5 percent of GDP to 5-point-5 percent.
WIGUT says the 2 percentage points reduction can be directed at stimulating exports over the final 2 years of the IMF programme.
The union is also proposing that the money be used to stimulate growth in the agricultural sector through the provision of food subsidies to the poor, such as food stamps for the purchase of perishable agricultural items.
The proposals were made at a press conference held by WIGUT at the University of the West Indies Mona today.
Orville Burke was there and has more in this report: