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  • © 2021

Jamaica’s Evolving Relationship with the IMF

There and Back Again

Palgrave Macmillan
  • Appraises Jamaica’s contemporary relationship juxtaposed with a “new” International Monetary Fund

  • Explores implications for development as indicated by the completion of the 2010 Extended Fund Facility in 2016, in the shadow of Covid

  • Draws from a wide variety of data sources to offer a holistic, multidimensional analysis

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xxix
  2. Introduction

    • Christine Clarke, Carol Nelson
    Pages 1-25
  3. Lining Up and Jumping the Hurdles to Long-Term Growth (Part I)

    • Christine Clarke, Carol Nelson
    Pages 49-76
  4. Lining Up and Jumping the Hurdles to Long-Term Growth II

    • Christine Clarke, Carol Nelson
    Pages 77-130
  5. New Governance Paradigms

    • Christine Clarke, Carol Nelson
    Pages 131-151
  6. Leaving No One Behind: ODA and Development in Jamaica 2010–2019

    • Christine Clarke, Carol Nelson
    Pages 153-179
  7. ‘Leaving No One Behind’—Reflections on the Social

    • Christine Clarke, Carol Nelson
    Pages 181-212
  8. The International Monetary Fund and the Social

    • Christine Clarke, Carol Nelson
    Pages 213-233
  9. History Made? The Precautionary Stand-By Agreement (PSBA)

    • Christine Clarke, Carol Nelson
    Pages 235-266
  10. There and Back Again: The Journey Continues

    • Christine Clarke, Carol Nelson
    Pages 293-306
  11. Back Matter

    Pages 307-320

About this book

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.

Authors and Affiliations

  • Department of Economics, University of the West Indies, Mona, Jamaica

    Christine Clarke

  • Department of Government, University of the West Indies, Mona, Jamaica

    Carol Nelson

About the authors

Christine Clarke is Lecturer in Public Policy, Development Economics, and Finance and Development at the University of the West Indies, Mona, Jamaica. She serves on the Board of the Bank of Jamaica, Jamaica’s central bank, and has worked at the Planning Institute of Jamaica in various capacities, from Economic Advisor to the Director-General to the Director of Economic Planning and Research. She earned her PhD in Public Finance from Rice University, USA.

Carol Nelson is Lecturer in the Department of Government at the University of the West Indies, Mona, Jamaica. She has over 20 years of experience in the public sector, interfacing with international financial, regional and development institutions and has represented the Government of Jamaica in varying capacities, inclusive of CARICOM, on the Board of the Caribbean Development Bank (CDB), and at the United Nations. Her first book, Social Partnership and Governance Under Crises captures the development of network relations in furthering governance of the public sector under crisis conditions in the Jamaican context. Holding a PhD in Government as well as a Professional Certificate in Strategic Climate Change Adaptation, she lectures on subject areas of International Political Economy and Organizations, Analysis of Political Opinion & Media, Governance and Climate Change.

Bibliographic Information

Buy it now

Buying options

eBook USD 99.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 129.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 129.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access