There are varying views on whether or not Caribbean countries should seek assistance from the IMF. This is as a result of the fact that some countries have seen positive impacts while others claim that accepting assistance from IMF has resulted in the economic downfall of many countries.

The Task

You have recently been employed by the Caribbean Development Bank as a research officer.You are to produce areport for your Director:

a)Using at least THREE main points, explain the main reasons some Caribbean islands seek assistance from IMF.

b)Outline THREE potential negative impacts that IMF has on the Caribbean.

NB: Your discussion should include reference to different Caribbean countries