ABSTRACT

This analysis of Jamaica's experiences with the IMF from 1976 to 1981 will follow a standardized format, as will succeding case studies. First, I will offer a few comments regarding economic conditions in Jamaica prior to IMF involvement. Second, I will summarize the major events connected with Jamaica's borrowing from the Fund. In the most important section of the study, I will analyze the roles of various major and minor actors in the negotiation process as well as the outcomes of their behavior. Finally, I will discuss how Jamaica's experiences reflect on the three models discussed earlier.