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Life and Debt – Jamaica’s IMF/World Bank Peril

Title: Life and Debt – Jamaica’s IMF/World Bank Peril
Director: Stephanie Black
Year: 2001

Life and Debt – Jamaica’s IMF/World Bank Peril
1 vote, 4.00 avg. rating (87% score)

Examining the economic and social situation in Jamaica, and specifically the impact thereon of the International Monetary Fund and the World Bank’s globalization policies. Its starting point is the essay A Small Place by Jamaica Kincaid.

These loans were conditional on structural adjustment policies, which required Jamaica to enact major economic reforms, including trade liberalization, privatization, and deregulation. However, the reforms were not successful; the film claims the reforms left Jamaica with $4.6 billion dollars in debt. The film blames the World Bank and the IMF for causing this situation.

The film features a number of interviews with former Jamaican Prime Minister Michael Manley in which he critiques the system of International Financial Institution loans. He is particularly critical of required structural adjustments as an attack on the sovereignty of many former colonial nations and suggests the system is akin to imperialism or neocolonialism. (summary from wikipedia)

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