That is ancient history. The IMF is much reformed since the time of Manley and Seaga. This recent restructuring was much different than the ones you refer to as the IMF is much more sensitive and nuanced in its approach. In fact it even mandated a certain minimum level of social spending that could be exceeded but not reduced.

Actually they did do a great job in Jamaica. Jamaica significantly reduced debt to GDP under their restructuring. Of course they had a massive setback because of the pandemic but this has nothing to do with the IMF.

I wonder how many other investors he will shakedown for personal benefit?

The IMF is not the big bad bogeyman they once were. The sooner they assist us with structural reforms of our economy the better. It’s not a matter of if, just when. We have an almost 50 year record of fiscal malfeasance and an ice cube has a better chance in hell than we have of a PLP government under Brave Davis making the necessary economic reforms on their own initiative.

Sink

Like a blood sucking parasite Leslie Miller is back to drain taxpayers dry.

Bringing back every shady, crooked parasite to abuse taxpayers purse they can find. This will not end well! PM Davis says the right things but his actions show the PLP is inherently corrupt.

If we have to sell the SOE’s for a $1 each so be it. Last year we subsidized them to the tune of over 460 million, simply removing that is a huge benefit to our balance sheet. Will have suitors hand over fist for BPL as many companies already have submitted numerous proposals to provide energy generation or to buy the corporation outright. Private airlines already service many family islands already, some private concern would be happy to subsume bahamasair’s routes. ZNS is totally unnecessary. People will have to learn to pay their bills or lose services like in the real world no more slackness or fantasy land of never paying bills, workers will have to work or be fired, just like everyone in the private sector does already.

Sell MICAL and pay off entire national debt. Added benefit is no more taxpayer funds spent on these sparsely populated islands. Any extra funds go into a national sovereign fund where we can only spend the interest each year. Amend the constitution to require that every year there be a balanced budget. Sell all SOE’s to remove these losses from public purse each year, and to reduce political patronage and to crush the unions.

I for one will welcome our IMF overlords. We have never had a balanced budget since independence, we are abysmally incapable of managing our fiscal affairs. The inevitable privatization of loss making SOE’s will be liberating and save future generations billions, the sooner it happens the better. Also it is important to remove government patronage from these sectors where jobs and contracts are used for political and financial benefit of the few. We need govt as small as possible and a fraction of the size now. Hopefully the IMF takes charge soon. We should welcome them with roses and kisses, or at the least a cold kalik and conch salad.