Case Study → Jamaica’s Structural Adjustment Programme (Edexcel A-Level Geography): Flashcards
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When did Jamaica build up debts for social programmes?
When did Jamaica build up debts for social programmes?
1970s
What happened to interest rates in 1980s Jamaica?
What happened to interest rates in 1980s Jamaica?
Soared
What did IMF & WB impose on Jamaica for loans?
What did IMF & WB impose on Jamaica for loans?
SAPs (Structural Adjustment Programmes)
Year HIPC initiative started
Year HIPC initiative started
1996
Countries helped by HIPC (total & in Africa)
Countries helped by HIPC (total & in Africa)
36 countries (30 in Africa)
Did Jamaica qualify for HIPC?
Did Jamaica qualify for HIPC?
No - did not qualify
IMF loan amount to Jamaica in 2013
IMF loan amount to Jamaica in 2013
$1 billion
IMF 2013 loan condition: effective wage cut %
IMF 2013 loan condition: effective wage cut %
20%
Year of riots in Jamaica due to SAPs
Year of riots in Jamaica due to SAPs
1985
% of Jamaica's export earnings for debt interest
% of Jamaica's export earnings for debt interest
25%