Time Magazine calls what happened in Haiti a Fresh Lesson to the IMF in the value of Subsidies to the Poor
Read this from time.com
Just eight days after announcing an International Monetary Fund-backed plan to cut government subsidies - a move that would raise fuel prices by up to 51% - Haiti's Prime Minister Jack Guy Lafontant resigned on July 14.
The plan had triggered mass protests in Port-au-Prince and other cities. Dozens of stores were looted and burned; at least seven people died. The government suspended the price hike, but facing a vote of no confidence, Lafontant, who took office in March 2017, stepped down.
While many Haitians are in shock at what happened in Haiti, to Time Magazine, it is a lesson to the IMF in the value of subsidies ot the poor.
Hmmmm...
We keep giving lessons to the world and our lives keep getting worse.
What do you think about that?
Reply with your comments
You might also like
- Haiti - Senator Rony Celestin urges fellow Senators to do the people's job so they can get out of dire poverty
- Now that Jack Guy Lafontant resigned as prime minister of Haiti, the Rat Race is on...
- Haiti's Government needs to do some serious spending cuts, and fast...
Haitian Politics Hot Topics
Politics Photo Stories
Politics News Audios & Videos
Recently Updated Content
Leave a Reply
Name (required) E-mail (required, will not be published)» »