<span style="font-size: 14pt">International bodies question government's performance</span>
By Al Edwards
Friday, August 15, 2008
A few weeks away from its first year in government, the Bruce Golding-led Jamaica Labour Party's (JLP) performance is coming under scrutiny with the assessment from international bodies not being too favourable.
Many surmise that the government has been unable to keep its promises as outlined in its manifesto, and that the economy continues to lurch in the wrong direction with the administration to date unable to employ adequate prescriptions.
However, the government is at the mercy of escalating oil prices, rising food costs the world over, and a downturn in the United States economy. Such a state of affairs would hamper any small island-state economy, which for all intents and purposes totally relies upon imports.
One of the common criticisms levelled at the present administration is that it has not come up with policy frameworks, which contain both short-term and long- term objectives. This may well be as a result of atrophied administrative muscles due to 18 years in Opposition.
"After 18 years of the People's National Party (PNP), it was thought that the JLP would revolutionise the governance of Jamaica, galvanise the populace and take measures that would spur economic growth.
<span style="font-family: 'Arial Black'">"Instead, the country is worse off than it was a year ago, inflation is at about 25 per cent, crime is at an all-time high, poverty levels are on the increase and there is no discernible energy plan to combat rising oil prices. Jamaica may well be facing a downgrade from the more reputable rating agencies because there are a lot more single B sovereigns doing far better than Jamaica, said Sven Wilander of Chase Manhattan's Research Unit.</span>
http://www.jamaicaobserver.com/magazines...ERFORMANCE_.asp
By Al Edwards
Friday, August 15, 2008
A few weeks away from its first year in government, the Bruce Golding-led Jamaica Labour Party's (JLP) performance is coming under scrutiny with the assessment from international bodies not being too favourable.
Many surmise that the government has been unable to keep its promises as outlined in its manifesto, and that the economy continues to lurch in the wrong direction with the administration to date unable to employ adequate prescriptions.
However, the government is at the mercy of escalating oil prices, rising food costs the world over, and a downturn in the United States economy. Such a state of affairs would hamper any small island-state economy, which for all intents and purposes totally relies upon imports.
One of the common criticisms levelled at the present administration is that it has not come up with policy frameworks, which contain both short-term and long- term objectives. This may well be as a result of atrophied administrative muscles due to 18 years in Opposition.
"After 18 years of the People's National Party (PNP), it was thought that the JLP would revolutionise the governance of Jamaica, galvanise the populace and take measures that would spur economic growth.
<span style="font-family: 'Arial Black'">"Instead, the country is worse off than it was a year ago, inflation is at about 25 per cent, crime is at an all-time high, poverty levels are on the increase and there is no discernible energy plan to combat rising oil prices. Jamaica may well be facing a downgrade from the more reputable rating agencies because there are a lot more single B sovereigns doing far better than Jamaica, said Sven Wilander of Chase Manhattan's Research Unit.</span>
http://www.jamaicaobserver.com/magazines...ERFORMANCE_.asp
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