12
Wednesday
December 2018
5:09 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
International News
Haiti prime minister resigns after deadly unrest
 
(Port-au-Prince, July 15, 2018):Embattled Haiti Prime Minister Jack Guy Lafontant HAS resigned following deadly violence and looting sparked by a now-abandoned plan to raise fuel prices.

"I submitted my resignation to the president of the republic," who has "accepted my resignation," Lafontant said in the lower house of Haiti's legislature yesterday.

Lafontant had faced a potential vote of no confidence had he not resigned. Last week, the government in the impoverished Caribbean country announced plans for major fuel price hikes -- 38 per cent for gasoline, 47 per cent for diesel and 51 per cent for kerosene.

The announcement sparked mass protests, with streets in the capital Port-au-Prince and other cities blocked with barricades of debris and burning tires. Dozens of shops were looted and burned and cars were set ablaze. At least four people were killed. The government quickly did an about-face and called off the planned price increases.

Lafontant, a physician who had little political experience before taking office in February last year, had faced widespread criticism even before the spasm of violence.

Haiti is desperately poor: around 60 per cent of its people live on less than two dollars a day, and they are extremely sensitive to even minor increases in prices of just about anything.

In February, Haiti signed an agreement with the International Monetary Fund, the Washington-based global crisis lender, in which the country committed to carrying out economic and structural reforms to promote growth.

One of those conditions was the elimination of petroleum product subsidies, prompting the doomed price hike proposal. The accord also called on the government to keep inflation under 10 per cent.

Since 2015, inflation has been running at 13 to 14 per cent annually. The budget blueprint submitted to the legislature in late June still foresaw a rate of 13.6 per cent.

On Thursday, the IMF suggested "a more gradual approach" to ending fuel subsidies, paired with "compensatory and mitigating measures to protect the most vulnerable people." "We will continue to support Haiti... as they develop a revised reform strategy," IMF spokesman Gerry Rice said, noting that ending subsidies would free up funds for other programs like education.

Crafting a revised strategy -- and divvying up Haiti's meagre budget resources -- will be a delicate task. The decision to scrap the price hikes means the government will have to find another way to come up with the USD 300 million the move would have generated.

It is not an insignificant amount -- the total is more than 11 per cent of the 2018-2019 budget presented to parliament in June for debate. Now, the government of President Jovenel Moise has to find a way to appease all sides -- angry and impatient consumers, politicians with varying interests and IMF economists.

Haiti's deep levels of inequality are often cited by protesters who want to see not just Lafontant but Moise out of office. More than 200 years after gaining independence from France, Haiti is still ranked by the World Bank as having one of earth's most unjust societies.


Trump's potential next chief of staff pick leaving White House
UK PM faces fight for her political life in Brexit deal
Iran arrests 10 over suicide attack on police
Trump chooses new Joint Chiefs of Staff chairman, against Mattis wishes
Merkel gets boost with ally's party win
Rouhani warns weakened Iran less able to fight trafficking
Trump may nominate Heather Nauert as UN Ambassador: Reports
Qatar injects more cash into Gaza for Hamas employees
Singer Mika Singh Detained in Dubai for Sending Obscene Messages to 17-year-old: Reports
Conditions Met for Assange to Leave Embassy in London, Says Ecuador President
Pakistan slashes non-salary budget by 10%
Moscow dismisses 'groundless' US claim Russia breaching arms treaty
AgustaWestland deal 'middleman' Christian Michel brought to India
Don't be like Hitler: sacked Lankan PM tells President Sirisena
Sri Lanka court suspends Mahinda Rajapakse's powers as PM
Nigerian President denies death, body double rumours
France to consider state of emergency to prevent worst civil riots: govt spokesman
India To Host G20 Summit In 2022, 75th Year Of Independence, Says PM Modi
PM Modi Meets Saudi Crown Prince, Investments, Defence Ties Discussed
US strike in Afghanistan's Helmand killed 23 civilians: UN
ENTERTAINMENT NEWS
Vaikom Vijayalekshmi ties knot with Anoop
 Vaikom: Playback singer Vaikom Vijayalekshmi has tied knot with Anoop N. at Vaikom Mahadeva temple.  
Mohanlal's Odiyan: Official trailer launched
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
KERALA NEWS
Activist Rehana Fathima, Who Attempted Sabarimala Trek, Arrested Over Facebook Post
 (Kochi, Nov 28, 2018): Model and activist Rehana Fathima, who tried to reach Kerala's Sabarim
Good news for Keralite Nurses: IELTS cut-off reduced to 6.5
BJP leader K Surendran, 71 others granted bail
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
NATIONAL NEWS
BJP mocks Oppn meet, asks them to reveal PM candidate's name
 Kolkata, Dec 10 (PTI) BJP national general secretary Kailash Vijayvargiya has mocked the scheduled m
RBI Governor Urjit Patel makes loud noise with silent exit
Can special consideration be shown to man with skin disorder: HC asks Centre
BJP files caveat in SC over 'rath yatra' in WB
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.