Contextualizing Jamaica’s Relationship with the IMF

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 she 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 UN. 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.

• 1. Introduction. -2. Jamaica “Comin’ in from de Cold”.- 3. The Moyne Commission.- 4. Jamaica: Independence Realized.- 5. Introducing the International Monetary Fund.- 6. A Clash of Ideologies: Jamaica and the InternationalMonetary Fund.- 7. The 1980s and 1990s: Inflection Points?.- 8. Economic Policy Independence: Jamaica’s Initial Experience.- 9. The Local Approach ‘Under the Microscope’: International Monetary Fund Article IV Reviews.- 10. Born of Crisis: The Public Sector Memorandum of Understanding.- 11. The Perfect Storms.