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Inside the IMF’s outrageous, improbably successful Jamaican programme (Pt. 1)

Summary:
Under a starlit sky at the Jamaican prime minister’s immaculately maintained garden in 2017, Christine Lagarde sang “La vie en rose” clutching a bouquet of roses. The guests hooted with approval when the International Monetary Fund’s managing director finished her impromptu Edith Piaf serenade. As well they should, for this was a night for celebration. Christine Lagarde singing at the Jamaican prime minister’s reference.  © Photos courtesy of the Office of the Prime Minister. Less than ten years ago Jamaica was on the precipice. Decades of anaemic economic growth, periodic crises and fiscal incontinence meant that it was one of the most indebted countries in the world. Incomes had been stagnant since 1973. More and more poorer Jamaicans were turning to crime, and wealthier,

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Under a starlit sky at the Jamaican prime minister’s immaculately maintained garden in 2017,...

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