Documentary film, “Life and Debt.”

 

1. The IMF, World Bank, and Inter-American Development Bank were willing to provide financing to Jamaica, but what sort of policies did those international institutions demand that Jamaica impose in exchange for those loans?
2. Michael Manley complained that the IMF would only provide short-term loans to support short-term structural adjustment programs. Why did Manley suggest that long-term financing was necessary to support actual development?
3. How did IMF Deputy Director, Stanley Fisher, and other representatives of international institutions justify the policies that they demanded Jamaica and other developing countries impose?
4. Why did Jamaica accept the IMF loans anyway, even though they came with such policy conditions that were bad for Jamaican development?
5. To what outcomes for Jamaica did the IMF programs lead?

This question has been answered.

Get Answer