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Jamaica joined the International Monetary Fund (IMF) in February 1963 [1] under the leadership of The Rt. Hon. Sir Alexander Bustamante, [2] one year after the country's independence. [3] From 1963 to 1966, Rt. Hon. Sir Donald Sangster served as Jamaica's governor to the IMF and World Bank, and represented Jamaica during delegations held at the ...
[3] [4] Since joining The World Bank, Jamaica has received in excess of $3 billion US Dollars in loans and grants. [5] Jamaican Minister of Finance, Donald Sangster, led the Jamaican delegations to World Bank and International monetary Fund meetings between 1963 and 1966, while also serving as Governor of the World Bank and IMF. [6]
The Jamaica Accords were a set of international agreements that ratified the end of the Bretton Woods monetary system. [1] They took the form of recommendations to change the "articles of agreement" that the International Monetary Fund (IMF) was founded upon. [ 2 ]
Life and Debt is a 2001 United States documentary film directed by Stephanie Black about the economic and social situation in Jamaica after globalization, specifically the impact of International Monetary Fund (IMF) and the World Bank's policies. It starts with the essay "A Small Place" by Jamaica Kincaid. The IMF loans were conditional on ...
The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start ...
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.
International Bank for Reconstruction and Development, one of the two lending arms traditionally considered to be the World Bank. Typically lends to middle-income governments, also some creditworthy low-income countries. Founded in 1944. FY 2014 commitments $18.6 billion. Lends at market rate. Guarantees loans
Mount Washington Hotel. The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 allied nations at the Mount Washington Hotel, in Bretton Woods, New Hampshire, United States, to regulate what would be the international monetary and financial order after the conclusion of World War II.