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Colección:
La Educación
Número: (116) III
Año: 1993

TABLE 2
CHRONOLOGY OF INIF AND
WORLD BANK AGREEMENTS WITH JAMAICA 1976-1990
DATE IMF ARRANGEMENT

December 1976
A two-year Standby agreement worked out but rejected by the PNP covernment.
July 1977
A two-year Standby agreement signed but suspended in
December 1977
on tailing the first quarterly test.
May 1978
A three-year Extended Program was ursued f or one year and
then renecotiated.
June 1979
The 1978 Extended Fund Facility was renegotiated to take
advantage of additional drawings under the Supplementary
Finance Facility. This program colla sed in December 1979
due to failure of performance test.
April 1981
An Extended Fund Facility for three years (SDR) 477.7m
tormed part of the government's Economic Recovery
Programme (ERP). There was also the provision for SDR
310m through the Compensatory Financing Facility.
August 1982
SDR 19.4m obtained through the Compensatory Financing
Facilty.
June 1984
A one-year Standby agreement tor SDR 64m along with hands
from the Compensatory Financing Facility hr SDR 72.6m.
July 1985
A twenty-one month Standby agreement for SDR 115.0m and
was suspended in September 1985 ailer the failure of
PCIlofWallCC [CMS,
March 1987
A Ofteen-month Standby acreement for SDR 85m and a
Compensalory Financing Facility tor SDR 40.5m.
September 1988
A twenty-month Standby agreement for SDR 82m.
January 990
A fifteen-month Standby agreement for SDR 82m.

TABLE 2 (continued)

DATE
WORLD HANK ARRANGEMENT
1980
Export Development loan.
1981
Export Development loan II.
July 1986
Structural AdjustinenE loan I for USS76.2m.
1983
Export Development loan III.
June 1983
Structural AdjustmenE loan II for US$60.2m.
November 1984
Structural Adjustment loan 111 for US$55m.
June 1987
Trade and Finance Sector Adjustment loan for US$40m and a Public Enterprise Sector Adjustment loan lur (15$20m.
1990
Agricultural sector loan.

Source: Noss (1991); Robinson & Sch[mtz (1989); Davies (1986).