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As for the recently heated wage dispute, the minister declined to compromise, insisting the increase in public sector wage bills would damage Jamaica's economic reform program, which is being undertaken with support from the International Monetary Fund (IMF). ' In May 2013 Carson Wentz Jersey , Jamaica adopted an Extended Fund Facility, an IMF program under which some 932 million dollars were expected to be injected into the debt-ridden economy during a four-year term.
However, the IMF set a series of quantitative targets and structural benchmarks for the country. To secure the program, the Jamaican government has carried out a series of austerity fiscal measures over the past years, including a wage freeze for public sector workers.
When the multi-year wage freeze ended this March Cheap Eagles Jerseys , the Financial Ministry proposed to increase public sector wages by five percent in the next two years. However, several labor unions insisted the adjustment should take inflation into account.
The government and the unions held several rounds of talks on the wage issue, but no consensus has been reached.