Jamaica: Macroeconomic Policy, Debt and the IMF

Juan Montecino () and Jake Johnson
Authors registered in the RePEc Author Service: Jake Johnston ()

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: This paper looks at Jamaica’s recent history of indebtedness, its experience during the global economic downturn, and examines its current agreement with the International Monetary Fund (IMF). It finds that Jamaica’s economic and social progress has suffered considerably from the burden of an unsustainable debt; and that even after the debt restructuring of 2010, this burden remains unsustainable and very damaging. Pro-cyclical macroeconomic policies, implemented under the auspices of the IMF, have also damaged Jamaica’s recent and current economic prospects.

Keywords: jamaica; imf; debt; JDX (search for similar items in EconPapers)
Pages: 12 pages Classification- JEL: E, EO, E6, E61, E62, E65, F, F1, F14, F5, I, O, O4, O5, O54,
Date: 2011-05
New Economics Papers: this item is included in nep-mac and nep-pke
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2011-11

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