Jamaica’s relationship with the International Monetary Fund had often tense. Currently, the country had had sworn no agreements with the IMF, and Prime Minister PJ Patterson, his country would never again borrow from the Fund. However, there were significant benefits from the cooperation with the IMF are obtained. It was not only a source of valuable technical know-how, but find approval of government policies could facilitate borrowing on international financial markets or other mult … Read more »

Jamaica’s relationship with the International Monetary Fund had often tense. Currently, the country had had sworn no agreements with the IMF, and Prime Minister PJ Patterson, his country would never again borrow from the Fund. However, there were significant benefits from the cooperation with the IMF are obtained. It was not only a source of valuable technical know-how, but find approval of government policies could facilitate borrowing on international financial markets or from other multilateral organizations. Recently, the IMF appeared in his opposition to the government’s policy towards soft. However, it seemed unlikely that the country will achieve a borrowing arrangement with the IMF without significant changes, especially on the issue of the exchange rate. Under these circumstances, Dr. Davies, to determine whether the funds to pay for help, and if so, what policy changes the government would be willing to make to secure this support. HKS case number 1,602.0
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Alfred Schipke
23 pages.
Release date: 01 November, 2000. Prod #: HKS140-PDF-ENG
Which Way to Go? Jamaica Economic Stabilization policy HBR case solution

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