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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.
"'There and Back Again' by Nelson and Clarke Explores the IMF Jamaica relationship, from 2010 traversing the ebb and flow within Jamaica's socio-political economy, as well as the discourse, practice and governance of both. Bridging the political divide, Vision 2030, engenders dimensions of ownership, multipartite partnership, and modalities of social governance within the IMF programme. Completing the IMF lending relationship, Covid-19- as a fly in the proverbial ointment, leaves the jury out, on Jamaica going 'Back again'" - Lloyd George Waller, Ph.D., Waikato, New Zealand. This book explores the IMF: Jamaica, relationship since 2010, examining Jamaica's high debt and inability to access financial support amidst international capital market restrictions, contextualizing harsh socio-economic realities. With Jamaica's second return to the IMF, actor networks of governance amidst political and socio-economic efforts to re-engender a relationship are foregrounded, with a "new' IMF. Credibility is demonstrated and restored, furthering the success of the 2013 Extended Fund Facility and exit to a Precautionary Stand-By Arrangement in 2016. Clarke and Nelson reveal lessons learned, discussing Jamaica's economic prognosis and the IMF relationship under the shadow of the COVID pandemic. 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. 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. She holds an MSc in International Policy Analysis from Bath University, a PhD in Government as well as a Professional Certificate in Strategic Climate Change Adaptation.
2‘There and Back Again’ by Nelson and Clarke Explores the IMF Jamaica relationship, from 2010 traversing the ebb and flow within Jamaica’s socio-political economy, as well as the discourse, practice and governance of both. Bridging the political divide, Vision 2030, engenders dimensions of ownership, multipartite partnership, and modalities of social governance within the IMF programme. Completing the IMF lending relationship, Covid-19- as a fly in the proverbial ointment, leaves the jury out, on Jamaica going ‘Back again’3 – Lloyd George Waller, Ph.D., Waikato, New Zealand. This book explores the IMF: Jamaica, relationship since 2010, examining Jamaica’s high debt and inability to access financial support amidst international capital market restrictions, contextualizing harsh socio-economic realities. With Jamaica’s second return to the IMF, actor networks of governance amidst political and socio-economic efforts to re-engender a relationship are foregrounded, with a 2new’ IMF. Credibility is demonstrated and restored, furthering the success of the 2013 Extended Fund Facility and exit to a Precautionary Stand-By Arrangement in 2016. Clarke and Nelson reveal lessons learned, discussing Jamaica’s economic prognosis and the IMF relationship under the shadow of the COVID pandemic. 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. 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. She holds an MSc in International Policy Analysis from Bath University, a PhD in Government as well as a Professional Certificate in Strategic Climate Change Adaptation.
This ambitious book provides a comprehensive quantitative and qualitative assessment of Jamaica’s ties to the International Monetary Fund, focusing on Jamaica’s historical relationship with the IMF and reflecting on the domestic and international discourse surrounding the evolution of this relationship. Notably, this volume presents a critical analysis of Jamaica’s first engagement with and departure from the IMF and interrogates the political economy of the period. Jamaica’s economic experiences are assessed in the context of major global events, including the food price crises of 2007 and the global economic crises of 2008 and 2009. This book also looks at policy implications, and its well-researched analysis will be of great value to practitioners and policymakers as well as academics.
Author : International Monetary Fund Publisher : International Monetary Fund Page : 61 pages File Size : 25,30 MB Release : 2014-05-03 Category : Business & Economics ISBN : 1498343694
With single-digit inflation and substantial financial deepening, developing countries are adopting more flexible and forward-looking monetary policy frameworks and ascribing a greater role to policy interest rates and inflation objectives. While some countries have adopted formal inflation targeting regimes, others have developed frameworks with greater target flexibility to accommodate changing money demand, use of policy rates to signal the monetary policy stance, and implicit inflation targets.
This pamphlet is adapted from Chapter 1 of Silent Revolution: The International Monetary Fund, 1979-89, by the same author. That book is full of history of the evolution of the Fund during 11 years in which the institution truly came of age as a participant in the international financial system.
From one of the leading policy experts of our time, an urgent rethinking of how we can better support each other to thrive Whether we realize it or not, all of us participate in the social contract every day through mutual obligations among our family, community, place of work, and fellow citizens. Caring for others, paying taxes, and benefiting from public services define the social contract that supports and binds us together as a society. Today, however, our social contract has been broken by changing gender roles, technology, new models of work, aging, and the perils of climate change. Minouche Shafik takes us through stages of life we all experience—raising children, getting educated, falling ill, working, growing old—and shows how a reordering of our societies is possible. Drawing on evidence and examples from around the world, she shows how every country can provide citizens with the basics to have a decent life and be able to contribute to society. But we owe each other more than this. A more generous and inclusive society would also share more risks collectively and ask everyone to contribute for as long as they can so that everyone can fulfill their potential. What We Owe Each Other identifies the key elements of a better social contract that recognizes our interdependencies, supports and invests more in each other, and expects more of individuals in return. Powerful, hopeful, and thought-provoking, What We Owe Each Other provides practical solutions to current challenges and demonstrates how we can build a better society—together.
Author : International Monetary Fund Publisher : International Monetary Fund Page : 122 pages File Size : 25,26 MB Release : 2019-10-04 Category : Business & Economics ISBN : 1513511726