Why Everyone Hates the IMF
Why does the IMF still bring back memories of hard times for so many Jamaicans? Dr. Matthew Preston and Dr. Thaon Simms sit down with Julian Morrison, “Dr. Doom,” to trace Jamaica’s economic story from the oil shocks and currency problems of the 1970s and 1980s through FinSAC, IMF austerity, JDX, NDX and the reforms that followed. The conversation explains why Jamaica kept borrowing, why debt restructuring was so painful, how EPOC helped rebuild confidence, and how falling government intere...