01134nam a2200133Ia 4500 03.02.01 C2773 Witter, Michael Impact of economic adjustment on the poor in Jamaica: background paper I.L.O. PREALC Port of SpainTT 1991 68 p. Identifies the policy changes demanded by the IMF in an attempt to stabilize the Jamaican economy viz, liberalization of exchange controls; limits on public borrowing and public spending; deregulation of markets; divestment of public enterprises to private entrepreneurs; wages and salaries policy; tight limits on domestic credit; climate of confidence. Evaluates the impact of each of the 'Sector Adjustments' and other bank loans, concluding that in effect, the SAL and SAL-type loans from the Bank, have aggravated the country's indebtedness, rather than increased its capacity to service the debt that it had acquired before the SALs. Presents the view that the burdern of adjustment has fallen on the working people with the slashing of real wages and increases in net taxes. 3/7/00 M2LMGR M C2773 17699 17699 0 0 0 0 CRCM CRCM 2023-05-04 0 03.02.01 C2773 0000000011713 2023-05-04 00:00:00 2023-05-04 M