TODAY, more than ever, the nation needs honesty and the courage of conviction from its leaders. Instead, we have the self-serving spin of Finance Minister Colm Imbert on the recent International Monetary Fund (IMF) assessment.
Imbert had the Finance Ministry issue a statement saying the Government received a “thumbs up” from the IMF on, inter alia, steps to adjust fiscal imbalances through reforming energy taxation, reducing fuel subsidies and boosting non-energy revenues from property, excise and gaming taxes; and allowing exchange rate depreciation by about seven per cent. “Grasping at straws,” said Dr Roger Hosein, senior economics lecturer, on radio i95.5FM last Sunday. Express Business editor Anthony Wilson is “totally nonplussed” at the Ministry's statement.