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The International Monetary Fund and the Social

In: Jamaica’s Evolving Relationship with the IMF

Author

Listed:
  • Christine Clarke

    (University of the West Indies)

  • Carol Nelson

    (University of the West Indies)

Abstract

The IMF has been given a prescribed role as a global macrosocial actor within the global monetary and financial networks to maintain stability. However, with the increased incidences of crises small or pervasive that impact capital flows and destabilize economies, the IMF is challenged to assess itself towards enhancing its efficacy and relevance in the face of criticisms and staying true to its remit. However, the dynamics and the fluidity of global capital has compelled modification and accommodation towards change in the modalities of interface with global actors and clients. Appropriating change and being open to same, has facilitated change within the IMF or a degree of accommodation has enabled it to become more relevant at its interface globally and more participatory, as against the last resort and necessary interaction—the changing face of the IMF.

Suggested Citation

  • Christine Clarke & Carol Nelson, 2021. "The International Monetary Fund and the Social," Springer Books, in: Jamaica’s Evolving Relationship with the IMF, chapter 0, pages 213-233, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-59204-2_8
    DOI: 10.1007/978-3-030-59204-2_8
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