![]() The negotiations resulted in May in a new IMF stand-īy loan agreement for $65 million, though Jamaica was Reduce its ability to purchase imports, and ensure contin. Were intended to improve the country's balance sheet, Tion), interest rate hikes, credit constriction, and further Limit on wage increases (despite anticipated 15% infla. ![]() That agreement called for, among other things, a 10% To replace one for $106 million that his predecessor,Įdward Seaga, had agreed to the previous September. With the International Monetary Fund for a stand-by loan ![]() The trumpetsįor three months after Manley's re-election on Febru-Īry 9 of last year, he was locked in intense negotiations But the government of the "new Mi-Ĭhael Manley" had little reason to object. Government, led by the once-charismatic social democrat, ![]() If not an expulsion order, by the People's National Party Tion by the chief emissary of the United States or anyįoreign country would have been met with strong protest, His stated mission was, for onceĪnd for all, "to silence the trumpets of socialism" in ![]()
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