JIS News

Cabinet will consider the terms on which the Government will negotiate a new loan from the International Monetary Fund (IMF) for its Balance of Payment (BOP) needs, when it meets on Monday (Aug. 17) at Jamaica House.
Prime Minister, the Hon. Bruce Golding told a huge crowd at last night’s (Aug.12) Town Hall Meeting at the B.B. Coke High School in Junction, St. Elizabeth, that after Cabinet approval, the Government will invite discussion on the proposed terms. He said that constructive concerns will be dealt with, but, at some point, he will have to decide that it is time to proceed to the IMF to protect the country’s interest.
“The Cabinet will, on Monday, consider the terms of the agreement that we are seeking with the IMF. As soon as we have finalised (that), before returning to the IMF, I am going to Parliament and I am going to say ‘now, this is what we are going with’,” Mr. Golding told the crowd.
“I am not going to go first and sign it, and then share it with the people of Jamaica. I am going to say, ‘now look, this is the programme that we are proposing to present to the IMF.’ I am going to invite discussion,” he explained.
“We will take seriously on board concerns that are constructively developed and put forward. But, understand that because you have given me the responsibility to lead the country, at a certain point, I am going to have to say, ‘let’s now proceed, because the country’s interest has to be protected’,” he assured.
Mr. Golding said that some of the terms that the Government will have to administer, will not be pleasant. However, he commented, “when you sick, you have to take medicine.”
The meeting also heard from Minister of Agriculture and Fisheries, Hon. Dr. Christopher Tufton; Minister of Water and Housing, Hon. Dr. Horace Chang; Minister of State for Energy and Mining, Hon. Laurie Broderick; His Worship the Mayor of Black River, Councillor Jeremy Palmer; and, Member of Parliament for South East St. Elizabeth, Franklin Witter.
Information Officer at the Ministry of Youth, Sports and Culture, Granville Newell, chaired the meeting.
The Prime Minister’s Town Hall Meetings have been widely supported by citizens in each town, with hundreds of Jamaicans from all walks of life in attendance. Jamaicans have been able to put forward a number of proposals on how they believe Government can address the economic challenges facing the country, and ask questions about local issues. Town Hall Meetings were held in Mandeville Manchester, Portmore St. Catherine, Montego Bay St. James and Ocho Rios St. Ann, previously.

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