How Jamaica Became the IMF’s Favourite Economy

[@tevinrobinson4871]

As a Jamaican, it has never-ever once crossed my mind that Jamaica would one day be a topic for TLDR news.

[@blackblack1167]

And it’s not just about Weed or Bob Marley either. I thought I misread the title and was imagining the thumbnail

[@Lando-kx6so]

Same

[@goldeniron847]

Just dont go in the water where the sharks are

[@joshuathenerd]

same

[@Iamblack34]

Same

[@Thecreatorshaq]

Waking up to a video about my country on a channel i watch religously just hit Different

[@WorldlyHappiness]

I can imagine. Happy for yall though. Hope the numbers materialize into better living conditions for the avg person. Im hoping for a Trinidad and Tobago video still.

[@davidlxndr]

Different 🎉🇯🇲

[@ballanyofficial4408]

Think a did me 1

[@feelgoodchef]

Love there channel

[@defaultchannel733]

bomboclat

[@InstantLuc]

Cost of living to income ratios in JA are still not the greatest. There's also a pretty visible brain drain. Glad to see Jamaica go in albeit slowly in the right direction

[@ethandouro4334]

The good thing about this, is that Brain Drain is usually coming back

[@FiredAndIced]

One thing that Jamaica needs to curb is the culture of corruption but America has a history of Operations Condor if any Caribbean or Latin American countries were even trying to socialise.

[@HUNGRYGAMES24]

High crime too.

[@WinterXR7]

Brain drain never comes back? If you can’t match their original wages why would they return?

[@darbstre2900]

@@FiredAndIcedthey shouldn’t socialize. Your implication that socialism is the result of no corruption is ass backwards.

[@benjaminscott6060]

Jamaica definitely did not become Jamaicans favorite economy

[@Burito-tj5ry]

Public spending with debt is popular untill you can no longer borrow. And then, its way worse than all the hard times you avoided combined, at the same time.

[@badluck5647]

​​@@Burito-tj5ryIt's all depends what you are spending it on. Japan for example is better shape because a lot of their debt fuels investments with returns, while most populism movements prop up failing businesses or social spending.

[@Tullochr105]

@@Burito-tj5ry Not all debt and public spending is Bad. Public Investments in infrastructure, education, industrial capital, etc., could generate revenue without extreme austerity.

[@omarchristie3923]

Amen to this

[@Lando-kx6so]

UK, US, Canada, & Cayman Islands have been Jamaicans favourite economies

[@interkaiser44]

As a long time viewer of TLDR.... never thought they'd do a feature about my homeland 🇯🇲. Many thanks to Nigel Clarke ✌🏽

[@alexnewman1847]

the soon Deputy Director at the IMF ...bro gad made a grate choice appointing him 🔔

[@romariotaylor9938]

While they literally said the key to all this is JLP continuing what PNP started

[@tdatrandomguysdwl]

It's sad that these illiterate dumb lazy people want to give pnp the keys to the safe to rob and loot and bring Jamaica back to the dark days.only dunce people who loves hand outs think that the country isn't better than it was 10 years ago

[@av3102]

Yo seeing yall talk about Jamaica in a positive light makes this Canadian born Jamaican happy 😅❤

[@Travvvy]

So a Canadian not a Jamaican smh

[@NotEnoughSwvy]

@@Travvvy no Jamaican smh. If both or one of his parents are Jamaicans he’s Canadian-Jamaican

[@tomcoburn5258]

@@Travvvy there is such thing as being a dual national ya know? lol

[@davianoinglesias5030]

TLDR : Jamaica is the Germany of the Carribbean. Jamaicans: 🚬 bomboclaat!!!

[@Neezus_roseagain]

Same suh

[@emanueldelacruz1101]

The DR is the Germany of the Caribbean. It is the largest of central America and the Caribbean region.

[@daeviontaylor]

Lmaoooo fr 😂

[@islandcryptologistexplaine8172]

Raasclaat

[@hy-xq7vu]

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😭😭😭😭😭😭😭😭😭

[@keithphillips1722]

Jamaica recently had the best performing stock exchange in the world (scaled)! Very proud of Jamaica! From your southern neighbor 🇹🇹

[@brawlaj5246]

Where did you get this news from?

[@spectator-w4m]

Jamaica did for a couple of years.

[@andrewmitchell7801]

Google is free. ​@@brawlaj5246

[@natedcarr6148]

Glad to see things are improving in Jamaica. Hope it continues to go well.

[@Kijlanazer]

Kindly send this video to Pakistan government

[@marvinsantos2977]

hard to compare. Jamaica population 2 mil...Pakistan 200 mil.

[@ChadSimplicio]

Send it to the U.S. politicians too, force them to downsize on everything except NASA.

[@jadeanomuzik8849]

Sri Lanka as well.

[@BusyBodyVisa]

I went to Jamaica in 2022, it may be the IMF's favorite economy but it's got a loooong way to go. I've never seen so many sharks trying to steal or rob from you

[@SerMajorEcho]

What are you even talking about? No context …?

[@staminadaddy]

Damn sharks in the water? Don't go swimming 😂 PLUS locals will never rob a tourist - the police will hunt them down and actually do their job

[@Tribuneoftheplebs]

​@@d.phillips4214 no... it doesn't

[@JustinOlpompa]

@@SerMajorEchoIt means that normal jamaicans dont see the improvements it looks like are being made on the outside.

[@MermanTT]

​@@d.phillips4214no

[@obrandondonaldson1208]

As a Jamaican, sure, I can applaud our politicians for working together to get our high debt down, but, lol We're the 2nd poorest country in the Caribbean, 2nd weakest currency in the Caribbean, tax money commonly going unaccounted for, terrible healthcare, expensive education, high crime (both sides practically doing nothing about it), TERRIBLE roads, etc Oh and how can I forget, politicians constantly stealing money and buying expensive things, while the average person is poor. Calling Jamaica the "Caribbean Germany" made me laugh

[@LordDim1]

I mean, I suppose calling Jamaica the “Caribbean Germany” is right in one aspect: Jamaica has has and is projected to have the weakest growth of the Commonwealth Caribbean countries, just like Germany has had and is projected to have the weakest growth in the EU

[@calc1657]

Well, it'll take decades to undo the damage.

[@r.lr.l]

I am Trinidadian and I was dying when he said Caribbean's Germany.

[@tiglishnobody8750]

@@calc1657 And IMF won't help as they infamous place them into deeper debt trap and reform economy that only mean one thing: neoliberation

[@blackblack1167]

The roads give me nightmares

[@leetheproable]

4:41 "Fiscal incontinence"? That's a good way to put it.

[@natedcarr6148]

Yeah I had to chortle at that one.

[@dougdupont6134]

Same. Was probably a fumble that they didn't catch and I got a laugh out of it.

[@Cookinlikesanji]

Pissing their money away

[@Manuel-Morales5]

I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[@AnthonyClayton03]

You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

[@Laylalog]

That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.

[@TinaBoyle75]

I'm a newbie talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount

[@Laylalog]

Ms Martha Ann Hammerton was my hope during the 'bear summer lost year . I did so many mistakes but also learned so much from it

[@Laylalog]

I remember giving her my first savings $12,990 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

[@john_doe_not_found]

It is sad how in many countries, if one party tries to fix government spending, and makes some progress, the other party will come in and spend all the money. More countries need parties who can at least agree on some minimum level of economic theory... like, "don't spend more than you have".

[@LordDim1]

It’s very ironic that Jamaica of all places has their parties actually agreeing on this, considering that on literally everything else Jamaica’s two parties will disagree on everything. Literally to the point where a party will stop supporting something they’ve supported for decades, purely because the opposing party now supports it too. Jamaica’s two parties in the 1970s and 80s, and even up until today to a much lesser extent, effectively funded paramilitary groups to attack and kill supporters of the other party

[@mypdshp9309]

Because Austerity has been such a proven concept, just look at the UK!

[@Zenkrypt]

​@@mypdshp9309 yes, we spent too little, but if you spend too much, the interest on debt can be catastrophic. It's funny, because last year the money spent on debt repayment was about the same as our deficit. So if we lower our debt, we can spend less on interest and more on public services, borrow more at lower costs to reinvest, etc.

[@kylejacobson9587]

​@mypdshp9309 I mean it worked in the 80s. It started working under the coalition as well, but Brexit mucked up everything

[@xenon8342]

@@mypdshp9309 Thats the worst thing. Austerity in the UK didn't decrease our deficit, infact, it skyrocketed. commonslibrary.parliament.uk/research-briefings/sn06167/ Austerity works, just not when you have people who would much rather *reshuffle* that money to their mates than actually save money.

[@undaijoubunii-chan586]

Congratulations Jamaica!

[@Honoured_Mahes]

Thx

[@aleysibbs2461]

Still not happy.

[@sagecoder8767]

love this jamaica is slowly but surely turning around we people just need to be patient the signs are they’re but we can’t fix 50 years in ten

[@LordDim1]

To call Jamaica a “Caribbean Germany” is… quite a stretch. It remains per capita the poorest of all the Commonwealth Caribbean countries

[@khlaps]

It's economy has much healthier trends then rest. Won't remain at bottom long unless something goes catastrophically wrong

[@LordDim1]

@@khlaps Not really? The World Bank’s Growth Forecast has Jamaica with the weakest economic growth in the Commonwealth Caribbean at just 0.8% this year. This compared to the smaller islands in the Eastern Caribbean like Grenada, Saint Lucia or Saint Vincent, whose projected growth is between 3.2% and 5% Even the more optimistic IMF only has Jamaica projected to grow by 1.8%, again significantly below the eastern Caribbean states where it predicts for example Grenada will grow with 4.1%

[@Croz89]

To be fair, a lot of them are tiny tax havens which make nearly all of their money from financial services. Jamaica isn't.

[@LordDim1]

@@Croz89 That’s the case for the British Overseas Territories in the Caribbean, not the independent states I am comparing Jamaica to. Countries like Grenada, Saint Vincent or Saint Lucia are not tax havens, certainly not more so than Jamaica. Grenada in fact has a higher level of corporation tax than Jamaica, while both have no capital gains tax

[@bababababababa6124]

@@LordDim1you’re making Jamaica sound like some third world country like Haiti or Cuba… when in reality it’s a country that’s rapidly developing. It’s unfair to compare Jamaica to it’s neighbours like Bahamas, Antigua and Barbados, as those countries are far smaller and popular tax havens. I think you forgot that Per-capita GDP isn’t the most accurate way to measure a country’s recent successes

[@SuperBadadan]

Considering I live here, Jamaica sure isn't my favourite economy right now.

[@eligoldman9200]

I remember reading how bad Jamaica’s situation was back in 2017. People were saying that the IMF was holding them back and fucked them over. I can’t believe things have turned around.

[@YurinanAcquiline]

As a Jamaican, this title gave me whiplash. 😅😅😅😅😅😅😅

[@annmariebusu9924]

It must be a joke 😂

[@ChristianaBremer-z1q]

Hit 401k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024.,..

[@GraceDeweyo2]

Some people work for 40yrs to have $1M in their retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires

[@DainaMarco]

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable

[@CoutchWinburn]

You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio

[@haldorsonsmolarek]

Waking up every 14th of each month to £210,000 it’s a blessing to I and my family… Big gratitude to Jihan Wu🙌

[@HelenmClinton-hmz]

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

[@0xCAFEF00D]

I just want to say that I'm noticing the animation quality has sky rocketed. It's really well. Things like hiding the forecast figures until the voiceover brings them up is great to not deliver the wrong impression.

[@Mr_Brown876]

You should see the roads. Definitely shows that we are not spending money

[@markaxworthy2508]

I was born in Jamaica but this story has slipped under my radar.

[@DashinglyGinger]

bombaclaat

[@garfieldprendergast6671]

Love to see my country on a channel I watch. TLDR should do more videos on jamaica especially like how we are due for a general election.

[@TheErolind]

My family was a part of the brain drain. My great-aunts and uncles were highly educated Jamaicans that left the country in the 80s, one of them brought my mother along as a child.

[@alex29443]

There are a lot of people who hate the IMF because they tell people obvious painful truths when they would rather live in a pretty delusion. The IMF loans people money to help them, but it comes with conditions that are focused on creating fiscal stability, this is actually an amazing service and people should be grateful, in previous eras a richer country would lend the money on loan-shark terms and also take land and/or mineral right in exchange for their 'help.' The fact that the IMF exists is amazing, some people are just never content.

[@CuracaoRevisited]

"fiscal incontinence" is my favorite economic concept 😂

[@alexneil1078]

Big up my country Jamaica 🇯🇲

[@spartendeath]

It may be IMF favourite but most Jamaicans would leave the country in a heart beat to work abroad.

[@jadeanomuzik8849]

Those Jamaicans you speak about don't care to be Jamaicans. Those Jamaicans only support Jamaica when it's winning. Those Jamaicans are sweets men and women. Those Jamaicans should leave right now and leave Jamaica to those who care to see it become a better state through our blood, sweat and tears. Those Jamaicans are sellouts and should start buying their oneway tickets now.

[@westkingston3135]

Same china,Russia,China,, Africa Trinidad ,what are you saying

[@aleysibbs2461]

If we could, but I'm happy for now.

[@ethanomcbride]

Nice to hear good news for once ❣️

[@ayobandele]

best video yet and on jamaica

[@JBMorris9]

Big up Jamaica!! 👍🏿

[@IK_MK]

Being friends with the IMF is, not very good to say the least

[@major_kukri2430]

It isn't.

[@coby8665]

Why?

[@camuor3645]

@@coby8665 The IMF usually makes its loans contingent on the receiver country destroying all its labour laws and implementing neoliberal stuff, meaning that even if the economy grows the average person ends up far worse off.

[@royholiday2863]

Proud of my little island ❤

[@spikehamer2]

Being liked by the IMF is not a red flag but a crimson flag.

[@tavi_knight]

I’d say you *never* want to be liked by the IMF.

[@Owain_Lord_Of_Glyndyfrdwy]

Any country that loves to complain about the IMF conditions, should not get a penny and just default and fail

[@TheBooban]

Yes! They are better off debt free!

[@AlexC-ou4ju]

we can't just let Pakistan collapse they had a nuclear arsenal.

[@coconut7490]

@@TheBooban "debt free" if they can't get loans from the IMF then they will just get it from China and let's be honest they aren't any better maybe even worse.

[@anjelkanja8032]

​@TheBooban they still have debt, the debt that they defaulted on

[@mustyHead6]

yea, idk why people hate imf, they are a sort of bank, there are requirements before you can take loan from a bank. If you don't like it, don't take it. No one is forcing you.

[@sonugupta0010]

We also have pakistan who needs IMF money to pay the interest of debt given by China

[@slax4884]

Very happy for Jamaica

[@aforadorable6006]

*2024* Inflation: 7%, GDP nominal per capita: $7,310, HDI: 0.706, Poverty rate: 12.3% Conclusion: I don't think so. 😅

[@paul-lq5nw]

I never believed their 12% poverty rate even richer Caribbean islands like Bahamas, Barbados and Trinidad and Tobago has a 20% poverty rate Jamaica poverty rate is more like 30 %

[@camuor3645]

Nah, that is what it means to be friends with the IMF, poverty for the majority while a minority get rich

[@chad9971]

I'm glad to watch a video about my home country that isn't about bobsledding or Reggae lol. This is a very informative video on Jamaica's economy from a large overhead view. I left Jamaica when I was 13 in 2008, so I'm interested to see how things are now.

[@ashantijordane1862]

Or crime. Every other video about Jamaica has visiting the most dangerous places in Kingston as a part of the title. They leave you thinking Jamaica is nothing but a war zone.

[@Junior2uu]

To see my country on this show means a lot it should have been longer and went more in dept but thank you.

[@orainmitchell5453]

As a Jamaican who grew up there and was a kid during the 2011 election and all the Dudus Coke stuff, I really had no idea what was really going on only what I heard and saw on Tv. I was under the impression that Jamaica’s economy was as bad as it gets so to see that my home country is going in the right direction makes me happy.

[@juanm.amayacastro5590]

A crucial element that this video does not explain is: with the government cutting in spending, where does the investment come from? How did they get growth and employment going?

[@spikethea2630]

Yeah I never thought this day would come

[@ArturoSubutex]

Today in another instalment of TLDR telling an economic success story based on superficial indicators

[@jadeanomuzik8849]

What is so superficial about a country paying its debts and is now in a better place to helping its people and its economy develop. You are just a bitter person with nothing to do at home and if you are at work you are just slacking off.

[@jpkellerman7056]

There is a super simple solution to the problem where one party doesn't want to save since the other will simply spend it. Set the available funds that can possibly be spent 4 years ahead of time. That way you have to set the budget before you know who will be in power and also forces you to stick to youre budget with any projects running over the budget simply not getting paid and thus simply not starting until after new funds are available, pair this with a 4 year delay on any loans becoming available, if you sing for a loan then the funds become accessible to the govt 4 years from now. This will reduce unneeded borrowing and ensure that spending is done when its needed not when someone wants to win a couple of political points.

[@zhenghao123]

and Kamala Harris dad is a special economic advisor to the Jamaican government

[@Swedishfinnpolymath]

Nice. I am the private secretary to Alexander J. Dahlmeier and I am sort of the MacGyver of the Finnish government. I am solving all kinds of problems and helping out Finland ahead of the 2025 municipal elections and more generally 2025 as it will be an important year for Finland.

[@nntflow7058]

Maybe I'll vote for her.

[@ethandouro4334]

​@@Swedishfinnpolymathplease help me escape Brazil's poverty

[@mehmeh1234]

@ethandouro4334 you are going to brazil

[@krisshnapeswanipeswani3190]

Just vote for to prevent tarrifs. They always cause the consumer pain. Rember the smoot hawaley tarrif act of 1930 it made the stock market crash into the great depression. Something simmilar happens in 1911 and 1898 ​@@nntflow7058

[@rushanekerr1801]

A major positive step definitely. Although I think this is more impressive for economists. But this is mostly just setting a "stable" foundation. Far more needs to be done, good start is making Jamaica for affordable to working class Jamaicans, inflation may be "under control" but everything is still expensive.

[@Anti-CornLawLeague]

As an American, one can’t help but wonder how long it is until hyperinflation from monetizing the debt will come about. Cutting spending isn’t something American politicians are capable of.

[@anschu876]

I remember doing the equivalent of A levels in the midst of the Tivoli Incursion. Also note, it's pronounced "ti-vuh-lee".

[@eskipotato]

good morning tldr

[@raheimstewart8759]

Unexpected topic, i didn’t think we had the attention like that

[@natnat8393]

As a Jamaican in Britain, it's weird seeing us as the topic here

[@tw06le1]

In the real world Ja does not feel like there is progress.The financial capital still floods whenever we have 30mins of rain, the private sector is putting the Gov to shame with external partnerships, infrastructure maintenance is non existent & most Jamaicans are disillusioned with the fact that if more expensive things are seen it means we are doing better economically, namely motor vehicles & electronics. Our debts may have been paid up, but majority of the economic mentality is still living in the early 80's. Recently available jobs require 2-5yrs work experience, when the training program barely exists accredited 2yrs, majority of the jobs are the same secretarial type which have existed for 20yrs with the exception of the private sector of course with call centers being the new rave, while the bigger heads & positions are never vacant, because they won't leave & keep the job market flowing.

[@REALEYEZ1718]

They have pay off the imf debts before they can start fixing anything

[@ashantijordane1862]

And we are just under the feet of another debtor.

[@mutton_man]

Is this a case of making the books look good but the living standards for the Jamaican people have been dreadful.

[@jadeanomuzik8849]

He said nothing about living standards. That was never the point. The country since the 80s had been paying crippling debts and now although still paying debts, these debts no longer cripple. This is due to both governments(PNP,JLP) recognising that they need to be consistent at being prudent. Stop being partisan and emotional.

[@westkingston3135]

You people are sick .Acting like Jamaica is Haiti, many successful Jamaicans have risen in the country. JAMAICAS ISSUES ARE BIGGER THAN MONEY

[@brawlaj5246]

True! Jamaicia has been starting to look like haiti.

[@westkingston3135]

@@brawlaj5246 At Jamaica's best time we are starting to look like Haiti??? Yall sick

[@hakeemsalmon1322]

Wow never expected to see a video about my country here.

[@slax4884]

Argentina probably going to try this

[@caribbeangtr8077]

The social and human sacrifice of the Jamaican people is real. Who destabilized and mashed up Jamaica's economy in the first place? It took 2+ generations to bring it back to where it is.

[@jadeanomuzik8849]

The same governments that mash it up(JLPand PNP) a dem same one a fix it back. It should be seen as maturity.

[@Gro-485]

PNP mash up Jamaica in the 70s and 90s

[@caribbeangtr8077]

@@Gro-485 Read your history, then go on the CIA website. Everything is there and declassified, and they are quiteproudof their actions. Free yourself from mental slavery.

[@gbb82]

Living in Jamaica, I was not aware of this. The roads are bad, terrible water supply, bad water supply, towns overrun with trash, and incompetent politicians in both parties.

[@annmariebusu9924]

There is no investment or spending. Imf collect the money 😂

[@alex29443]

​@annmariebusu9924 They have stopped their payments as they paid off the loan, according to this video.

[@trickydicky90]

"Tivoli" Garden, haa haa, there was a rough boozer in Rotherham called that too, very apt.

[@Mr--_--M]

Jamaica needs to stop depending on tourism and be the tech hub of the Caribbean.

[@jadeanomuzik8849]

If you know anything about Jamaica it should be that we aren't copycats. Tourism has always been a part of our nature hence we will always be doing that which comes naturally. Tech development will only work for the minority hence not so viable an option but an acceptable option nonetheless. Jamaica just needs to innovate and develop industries where ever it does so.

[@Mr--_--M]

@@jadeanomuzik8849 I partially agree but tourism is too dependent on outside countries and forces out of our control. Jamaica needs to sell more of their knowledge than their leisures.

[@brawlaj5246]

Nah

[@brawlaj5246]

Jamaicia should just preserve its environment and animals for tourism and make sure that Jamaica is thriving and help its people.

[@Mr--_--M]

@@brawlaj5246 Stay on topic. I'm in no way saying to diminish what Jamaica has. That wouldn't work to the country's benefit if it loses the soul of the people.

[@cyberm1037]

As a Dane, hearing that a dangerous gang neighbourhood is named "Tivoli Gardens" is very funny

[@LD-Orbs]

Believe it!

[@wertywerrtyson5529]

Meanwhile here in Sweden after 30 years of mandatory surplus we now are getting a balanced budget goal instead of a surplus goal. Although some parties wanted deficit spending. The 35% debt to GDP ratio however remains the target debt level.

[@ZaviaThompson]

Yeah this video is proof to me that numbers and statistics aren’t everything Because in Jamaica most of us are poor and don’t feel any of these “economic benefits”. In fact things feel like they’re getting worse

[@theawesomeking5513]

True, but this just happened and still is, just have to wait a little longer and make sure the smart people stay. Story of our life

[@Wes20231]

​@@theawesomeking5513The problem is people like this expect immediate transformation in there living conditions. We will see real benefits in 5 to 10 years as world conditions dictate how jamaica economy is managed

[@luckycup]

@@Wes20231interesting I heard this exact statement years ago and nothing much has changed too many of you are brain dead politics is all theatre

[@luisfilipe2023]

It seems like Jamaica was doing well in the 1990s and 2000s which was overlooked in this video

[@acb87]

I'm so surprised to see my parents homeland being discussed here

[@jarnMod]

I still remember how IMF warned El Salvador about cracking down on gang will cripple the economy. To me IMF is a loanshark, not sound economic advisor. If it finds Jamaica its favorite, then bless be Jamaica. I want nothing to do with it.

[@thekingoflordagames3517]

Even if they’re wrong sometimes, the IMF is an important institution to give impoverished countries at least a fighting chance.

[@the_negativereview]

Ppl shit on the IMF constantly and yet there's a reason why all these countries keep going back to the IMF - because without it, they would be fucked. You're legit clueless bro.

[@AYTM1200]

If you've read a history of Central Banking and the Enslavement of Mankind you'd know what you said is 100% correct.

[@AYTM1200]

​@@the_negativereviewthe IMF is created so that you keep coming back like an addict. You're rather the one who is clueless.

[@locorum9103]

​@@thekingoflordagames3517 Look into how loans requiring 'structural adjustment' (surrender of economic policy) have impacted developing countries. The IMF have actively made small countries like Jamaica poorer and have created the conditions for immense slums in larger countries.

[@kingstonstreet3726]

From debt to the IMF to debt to China

[@STRAWYB]

They love Jamaica because they were able to dictate their policies to successive governments.

[@iOnlySignIn]

Usain Bolt should run this country because he's very good at running, I heard.

[@VRe-r3s]

Thank Dr Nigel Clarke

[@vfclists]

When a third world country is the IMFs favourite you can be sure that the ordinary people are having a hard time.

[@brobro6783]

How are they having a hard time, we have phones and living life too, what you have access to that i don't have?

[@reuel2333]

@@brobro6783having phones makes your country good🤦‍♂️🤦‍♂️🤦‍♂️

[@brobro6783]

@@reuel2333 Your country is not on the world map, always looking attention

[@jmcan21]

I cannot state how devastated i am that our finance minister who is primarily responsible for this recovery is headed to the IMF..... Dr. Nigel Clarke is a legend

[@jadeanomuzik8849]

Don't be selfish and never you place all your eggs in one basket. Just as how we found him we will find others. Before him there was Audley Shaw and Peter Phillips who started the all rolling. Do not be ungrateful. Yes he did great but let go offah di man shirt an mek him spread him wings. This is why we teach our children to have principles and morality whilst ensuring they earn valuable skills to elevate our nation. Lets not sit licking our wounds.

[@jmcan21]

@jadeanomuzik8849 thanks for the epistle it however did nothing to change how I feel about the losing Dr Clarke.

[@overtonpendulum2071]

1:50 This graph is deceptive because it doesn't control for inflation. In constant dollars, Jamaica is today as rich as it was in the mid 90s.

[@hughporter2541]

Caribbean Germany with 0 manufacturing?

[@JohnDoethe3rd]

Mr Chen loves jamaica. They are mining it down to sea level.

[@pappaxray2]

This fascinating, would be nice if we could follow their lead and have a degree of continuity between Governments but I suspect it's going to be an outlier :).

[@jerryn9690]

I ❤ Jamaica!

[@zowaynewilliams9360]

Me as a Jamaican hearing my country is a Caribbean Germany...🤯!

[@AlphaHorst]

While reducing debt and getting a good credit score is good, one needs to act on it. That is Germanys issue. They have money and a good credit score. Yet they refuse to borrow money to restart their industry. They need roads, bridges and rails as well as more renewable energy yet they refuse to pay for it by borrowing. You can safe once times are good. The US is the polar opposite they never safe money and only spend and borrow. That can not be replicated by anyone else.

[@overtonpendulum2071]

Jamaica's economy is basically the same as it was in 1995 (world bank data)

[@thomaswhite8251]

cack-handed cracked me up

[@alexrowe7063]

Glad to hear some good news about jamaica economy wise. But the question is what happens after we become debt free.

[@parrotconservative]

They got roasted so hard that they fixed their economy 😂

[@nntflow7058]

They got that Good Green.

[@thaonsimms]

1don and that's Nigel Clarke.

[@ambessaseway5594]

Wow Jamaica did that without oil/gas/gold export 😂🧔🏿‍♀️

[@mistertom2385]

2013: Jamaicin me crazy! 2024: Jamiacin me happy :)

[@Cybernaut551]

Jamaica mentioned!

[@JALifeMedia]

No lies told here.

[@MyFatherHasTheKeys]

This is a bad flex, Trini people know when the IMF comes in it's mission impossible for the people lol

[@caseclosed9342]

“Jamaican me crazy!” -the IMF

[@ackeemsmith4637]

Soon the pnp will be back and then the chaos will start all over again 😂😂.

[@mikebean.]

I did not know my country was doing well.

[@theconqueringram5295]

How interesting.

[@jonasastrom7422]

Argentina going from the IMF's least liked to pretty much a favorite is cool too

[@TheDarkestStar1]

There hasn't been a ten dollar jamaican note in 20+years lol

[@TimeTravelingSalesMan]

In the early 1970s, the Jamaican dollar (JMD) was actually valued higher than the US dollar (USD). When Jamaica gained independence in 1962, the Jamaican pound was used, which was replaced by the Jamaican dollar in 1969. At that time, the exchange rate was set at 1 Jamaican dollar to 1.20 US dollars, meaning 1 JMD was worth more than 1 USD....but the the USA via CIA...through warfare..some would call teroorism... over threw the Jamaican Government and destabilized the economy... because they thought Jamaicans were too independent..leaning "socialist".... and to "close" to Cuba...and according to them it was a hotbed radicalized "blacks"....who were spreading a Black unity and Political Black consciousness... its pretty deep.. ..and the rabbit hole is deeper and crazier than you could ever imagine