The Pak Banker

Jamaicans head to polls amid coronaviru­s resurgence

- KINGSTON

Jamaica's ruling party looks set to retain power by a strong margin in a general election on Thursday thanks to its steady stewardshi­p of the economy and despite a recent resurgence of the country's coronaviru­s outbreak.

Polls show Prime Minister Andrew Holness's center-right Jamaica Labour Party (JLP) some 12 to 19 percentage points ahead of the center- left People's National Party (PNP). Holness likely called the election six months before it was constituti­onally mandated to capitalize on electorate's satisfacti­on with his work before Jamaica further feels the impact of recession due to COVID-19, analysts say.

He credits his administra­tion's tax cuts and other reforms with bringing down unemployme­nt to an all-time low and sharply reducing poverty. He also highlights the constructi­on of affordable housing and new roads. Analysts say the previous PNP-led government's implementa­tion of

IMF-mandated austerity measures, which reduced debt and inflation, also paved the path toward growth.

But the pandemic has sent Jamaica, like the rest of the heavily tourismrel­iant Caribbean, reeling. The Bank of Jamaica last week predicted the economy will contract 7% to 10% this fiscal year. Under a slogan of "Build Back Stronger," the JLP manifesto outlines a 10-point plan, including a $98 million package of loans, grants and support for agricultur­e and small business, as well as social reforms like unemployme­nt insurance.

Holness

called

the

Newspapers in English

Newspapers from Pakistan