The ratio of Jamaica and the International Monetary Fund were often strained. Currently, the country did not have an agreement with the IMF, and the Prime Minister PJ Patterson has vowed that his country would never again borrow from the Fund. However, there are significant advantages to be gained from cooperation with the IMF. He became not only a source of valuable technical expertise, but the fund approval policies can contribute to borrowing on international financial markets and in other multilateral organizations. Recently, the IMF seemed to be softening their opposition to the policy direction of the government. However, it seems unlikely that the country can achieve the borrowing agreement with the IMF without significant policy adjustments, particularly in the issue of the exchange rate. In these circumstances, Dr. Davis was to determine whether he should go to the Assistance Fund and, if so, what changes in government policy would be willing to do to ensure that assistance. HKS Case Number 1602.0 "Hide
by Alfred Schipke 23 pages. Publication Date: November 1, 2000. Prod. #: HKS140-PDF-ENG
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