Introduction

Christine Clarke () and Carol Nelson
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Christine Clarke: University of the West Indies
Carol Nelson: University of the West Indies

Chapter Chapter 1 in Jamaica’s Evolving Relationship with the IMF, 2021, pp 1-25 from Springer

Abstract: Abstract The Jamaican economy was burdened with a legacy of debt originating from the resolution of the 1990s financial sector crisis and compounded by the cumulative effect of high fiscal deficits, public enterprise-related contingent liabilities, and tightened international credit markets that required higher and higher rates of interest on marginal loans. Compared to other Caribbean nations which were growing between 4 and 12% annually, Jamaica’s exhibited a low economic growth of 1% annually with multiple years of negative growth.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-59204-2_1

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DOI: 10.1007/978-3-030-59204-2_1

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