Why IMF-Driven Economic Reforms Paid Off for Jamaica This Time

Why IMF-Driven Economic Reforms Paid Off for Jamaica This Time
U.S. President Barack Obama and then-Jamaican Prime Minister Portia Simpson-Miller prior to their bilateral meeting, April 9, 2015, Kingston, Jamaica (AP photo by Pablo Martinez Monsivais).

Good economic news out of the Caribbean has been few and far-between in recent years. For most countries in the region, the aftermath of the global financial crisis has been full of vicious cycles of slow growth, rising debt, increased unemployment, mounting crime and falling foreign direct investment. Attempts to break out of this pattern have largely failed, leading to increased misery for those who stay and the uncertainty of emigration for those who leave. While Puerto Rico attracts much of the media attention, the situation is just as dire in a dozen or more Caribbean countries. In September, the […]

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