The IMF Made Jamaica Into A Dependent Capitalist Country

When the Jamaican Govt. such as Hon. Michael Manley wanted to inject money in Jamaican economy so that it undergoes economic growth and development through infrastructural development, education and manufacturing, they were blocked by the IMF. 

They negotiated a deal that did not benefit jamaica but made jamaica into a “dependency” and a country of debt. Jamaicans only work to pay debts to the IMF. Jamaicans hands were tied in terms of how to use borrowed money on lucrative local developments. The lenders had other ideas so that Manley and other leaders could only do so much. 

So we expect money to be used for its intent yet Jamaican govts are not the ones to decide how monies are spent really. Unless Jamaicans can find other means or become better negotiators or find other lenders who will not redetermine plans, intended monies for programs like making education free will never happen!

Comments

Popular posts from this blog

Zelenskyy: It’s Day 18. We Hold Key Positions. Close The Skies. We’re Going Through The Worst Odeal.

Breaking: Russian military shot dead 51-year-old US Correspondent, Brent Renaud in Irpen

Police Reform in #America Must include Rebranding the Police ...Change their “LOOK”

News Update: What’s Happening In The Russian-UKraine War, March 5, 2:05PM

What is the “Ultimate” of All Things? By Renaldo McKenzie