ENGLISH

Jamaica’s Evolving Relationship with the IMF: There and Back Again

By Carol Nelson , Christine Clarke

Book information

Publisher
Palgrave Macmillan
Year
2021
ISBN
3030592030, 9783030592035
Language
english
Format
PDF
Filesize
6 MB (6181039 bytes)
Pages
349\340
Time added
2024-03-27 12:26:53

Description

This book explores Jamaica’s contemporary relationship with the International Monetary Fund since 2010. It looks at Jamaica’s high debt and its inability to access financial support amidst international capital market restrictions, contextualizing harsh socio-economic realities. This book discusses Jamaica’s second return to the IMF and the resulting network of actors, governance and political and socio-economic efforts to re-engender a relationship with a “new’ IMF. Credibility was restored, demonstrated by and leading to the successful implementation of the 2013 Extended Fund Facility and subsequent exit to a Precautionary Stand-By Arrangement in 2016. Clarke and Nelson signal from their analyses lessons learned, discussing the economic prognosis for Jamaica as well as their relationship with the IMF under the shadow of the COVID pandemic.

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