Since some time we are being bombarded by the pre-budget recommendations of the International Monetary Fund (IMF) in the press. According to the IMF , the Mauritian government need to cut/contain expenditures. Some of the measures that could be adopted are the introduction of fees at univesity level and for health care at hospital, the removal of subsidies on rice, to abandon the free transport system for youngsters and teh elderly n so on.
Well we dont kwow if Minister Sithanen will be taking all these into consideration for his budget or will go for a mixed-mode approach. But 1 thing is sure, many Mauritian families are already struggling. I even knew kids who came to school with nothing to eat coz they couldnt even afford to buy bread for the whole family. This is just the tip of the iceberg. We are actually living in a sick society. People are more and more frustrated these days and with the difficult economic situation, we should be concerned.
The IMF, is according to most journalists, the reference in terms of economic decisions. No one really questions its purpose and we have the impression that whatever is suggested by the IMF is ‘the’ way to pull Mauritius out of this abyss; that their recommendations solely will pave the way for our economic recovery.
But the IMF has often been criticised for its failures but rarely or maybe never we see that in our papers ! No one ever question these recommendations and how they may be different/ not work for a country like ours!!
As I learned in Contemporary Issues module, the IMF recommendations along with the World BAnk policies, have been criticized for not being able to wrench African countries from their despairing economic situation. They have on the contrary led to more impoverishment in those countries with their market- oriented measures.
Well just wanted to share this with you all… BTW there is a nice article by Dr Sheila Bunwaree in Matinal on the budget. According to her, if the govt blindly follows the IMF recommendations its the vulnerable that will suffer most.
“…Il y a tout un discours autour de la reprise économique mais le petit peuple ne comprend pas ce que c’est que la croissance économique et la création des richesses au niveau macro. Ce qui l’intéresse c’est comment faire vivre sa famille…
Some interesting links:
BTW wat do you think about the IMF recommendations? Esp. the introduction of fees for health care at hospital?