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UWI Open Campus Saint Lucia Hosts “IMF 101”

Mr Wayne Mitchell

The University of the West Indies Open Campus Saint Lucia hosted a public lecture on the International Monetary Fund (IMF) on Wednesday March 11, 2015. The lecture, which took place at the UWI Open Campus Site at Morne Fortune, was entitled, “IMF 101 – The Evolving Role and Functions of the IMF” and was delivered by Mr. Wayne Mitchell, current IMF Regional Resident Representative with responsibility for the member countries of the Eastern Caribbean Currency Union.

Mr. Mitchell, a St. Lucian national and proud graduate of The University of the West Indies, gave a comprehensive overview of the role of the IMF as he countered the common negative perceptions of the organization. He informed the audience that the IMF consisted of 188 countries, including Saint Lucia, each of which had membership on its Governing Body. He noted that apart from providing lending facilities to member countries, the IMF provided valuable technical assistance, policy advice based on economic monitoring and interacted significantly with Civil Society Organizations (CSOs) and academia. Referring to the IMF's Poverty Reduction Strategy and Institutional Capacity strengthening, Mr. Mitchell gave examples of economic successes in countries like Rwanda, Ghana and Singapore.

The presentation evoked a number of questions and discussion points from the audience. Head of the UWI Open Campus in Saint Lucia, Dr. Veronica Simon expressed the view that while St. Lucians were fond of talking, they often did not spend enough time listening to or sourcing correct information on which to base their opinions.  Therefore public lectures such as these were one such valuable source. The IMF lecture was one in a series of monthly lectures being hosted by the local site in keeping with The UWI’s mandate of public education towards national development.


In photo Mr Wayne Mitchell, IMF Representative with Dr. Veronica Simon, Head of the Saint Lucia Site.

 

Mr. Wayne Mitchell