IMF defends Haiti fuel price hikes that sparked unrest

Friday, July 13, 2018

Print this page Email A Friend!

PORT-AU-PRINCE, Haiti (AP) — The International Monetary Fund stands by its proposal for fuel price hikes in Haiti that sparked four days of unrest in the impoverished country.

An IMF spokesman in Washington says Haiti's Government agreed to eliminate fuel subsidies as part of a broader agreement that would have strengthened its finances and opened it to more support from IMF member nations.

Spokesman Gerry Rice says that fuel subsidies disproportionately benefit the well-off and deprive the Government of revenue it could otherwise use for other programmes.

He said at a news conference yesterday, the Haitian Government should gradually phase out the subsidies.

The Government announced July 6 that price increases of up to 50 per cent would take effect the next day. That set off protests and looting that led to several deaths.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon