Former Minister of Finance Karen Nunez-Tesheira says there are signs the International Monetary Fund has changed its style of operations which it used in the past. The former Finance Minister made the comment while speaking on Power102 Digital Breakfast Programme today.
Jamaica was cited by the former minister as an example where the IMF came in and cooperated with the country.
The former minister spoke about the team work approach which was adopted by the government and the opposition at that time.
The former minister said Jamaica benefited greatly as the IMF’s way of doing its work was one of involvement and not imposing its policies or directives. The former Minister under the Manning administration also says the present government, under its present policies is facilitating inequity in the society.
The former government minister said she is confident Trinidad and Tobago stand to benefit should the international financial institution be brought in especially in light of its revised way of doing its work.
Recently during the Mid-Year Budget Review in the Senate, Minister of Finance, Colm Imbert, said the government has no plans to go the IMF. Minister Imbert said the ruling administration will do its own restructuring without imposing any IMF conditionalities.