Witter: Lessons from the IMF Experiences

mikey witter 2In reflecting on our 50 years of Independence, the Government of Jamaica and the IMF should draw lessons from the 39 years of borrowing from the IMF to help to frame the agreement currently being negotiated.  So much has changed in our attitudes since the history-changing agreement with the IMF of 1977.  Today’s negotiators were university students then, and conscious enough to understand the critiques of the agreements of those years and the global and domestic political interests the agreements supported, whether intended or not. (Photo:  Dr. Michael Witter)

The lead IMF negotiator of the aborted 2010 agreement is one of several Jamaicans who occupy very senior positions in the IMF.  One of their peers, who is currently a lead negotiator for the Government of Jamaica, co-authored one of the most incisive and cited critiques of the IMF’s relations with the Third World, using Jamaica as a case study.  In 1977, Jamaica and the IMF knew very little about each other. Today, after hundreds of studies of the IMF, and after many international and local studies of the Jamaican economy, the negotiators for both sides know a lot more about each other.

Read more at:  http://jamaica-gleaner.com/gleaner/20120708/focus/focus3.html

3 thoughts on “Witter: Lessons from the IMF Experiences

  1. Crucial article; most relevant but under the current governance framework coupled with a disenfranchised, disadvantaged and thus confused populace, these views rest on the pages. Communities need to organize themselves to acquire and discuss these real issues and take action to have their representatives represent their positions on these matters in meaningful ways.
    That huge intellectual resource at Mona needs to step up programmes to uncover solutions to the quagmire in which we find ourselves as a nation, admired by the world for our successes in athletics, entertainment and the premium quality of numerous types of fresh produce grown here.

    The legacy of the 70’s remains in those of the human capital developed during the period who remain committed to the values of freedom, justice and true independence, and many of the current generation seeking similar goals. A coalition of these minds is essential for success. Do the glimpses of its manifestation flickering today suggest a reawakening of this spirit? How important is the traditional charismatic leader in the scheme of things? How will the effort guard against the opposing forces?

    Let us reason and find our own solutions. It is within us.

  2. Pingback: Cuba Proves There Is an Alternative to IMF … Cuban Ambassador to Portugal | JSC: Jamaicans in Solidarity with Cuba

  3. Pingback: IMF to Give US$1.4 Billion Loan To Ukraine | JSC: Jamaicans in Solidarity with Cuba

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