Comment on Haiti Gives the IMF a Fresh Lesson in the Value of Subsidies to the Poor

Haiti Gives the IMF a Fresh Lesson in the Value of Subsidies to the Poor

Just eight days after announcing an International Monetary Fund–backed plan to cut government subsidies–a move that would raise fuel prices by up to 51%–Haiti’s Prime Minister Jack Guy Lafontant resigned on July 14. The plan had triggered mass protests in Port-au-Prince and other cities. Dozens of stores were looted and burned; at least seven people died.

 

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