Date Published:
Oct 2009
Document Type:
B
Primary Image:
Research Document:
Due to the projected gaps in its foreign exchange earnings over this fiscal year as a result of the global economic crisis, the government of Jamaica has been contemplating a lending relationship with the International Monetary Fund (IMF). This has caused much deliberation among Jamaicans, many of whom have had to live through actual experiences with the structural reform policies which Jamaica had to undergo under its previous experiences with the Fund.
This briefing explains the economic circumstances influencing Jamaica’s planned move to resume its relationship with the Fund, and possible implications for a new IMF loan arrangement.