WIGUT Wants Gov’t to Re-Negotiate Primary Surplus Under IMF to 5.5%


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:

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2015/05/ORVILLE-WRAP-WIUT-REDUCE-PRIM-SURP-MAY-15-2015.mp3″]

One thought on “WIGUT Wants Gov’t to Re-Negotiate Primary Surplus Under IMF to 5.5%

  1. Bobby Sharpe

    Poor Hubert Devonish…Why not lend the Govt the money Hubert & lets get rid of the IMF…Then, we can use that loan to pay UuU et al a non-performer salary increase…None of that so called growth strategy will go anywhere…Theory is simply that…Theory…!!!

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