KINGSTON adidas nmd r2 primeknit white , Sept. 1 (Xinhua) -- Jamaica's austerity measures to push its economy on track of what the International Monetary Fund (IMF) expected has drawn huge fire from the parliamentary opposition.
In a scathing attack on Sunday night, a leader of the Jamaica Labour Party (JLP) Andrew Holness said that while adopting austerity measures to meet economic targets set by the IMF, the administration led by the People's National Party has caused more people to slip into poverty.
The Jamaican government sealed a deal with the IMF last year, whereby 958 million U.S. dollars was expected to be imbursed in a four-year term into the embattled economy with conditions applied.
The Washington-based financial institute set a series of structural benchmarks and quantitative targets for Jamaica. To meet them adidas nmd city sock uk , the Jamaican government has no other choices but to take such measures as hiking taxes and cutting expenses.
Statistics showed that the country surpassed all targets set by the IMF during the second quarter of 2014, entitling it to the fifth imbursement under the deal after passing a test conducted by the IMF last month.
However, this statistically "better-than-targeted" economic performance did not satisfy the opposition leader, who accused the government of pandering to the IMF but failing "the people's test."
Some 1.1 million Jamaicans nmd city sock white gum , more than one third of the 270 million population, are living under poverty line, according to a recent study, which said Jamaica's Human Development Index (HDI) ranked 79th among 187 countries around the world adidas nmd xr1 uk , while it was ranked 86th in 2013.
"Jamaicans are getting poorer," said Holness, adding a JLP administration would pursue similar fiscal management policies but focus more on a people-centered growth strategy.
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