[7] In a letter to President Ford, William E. Simon highlighted the major revisions of the Bretton Woods system that took effect as a result of the ratification of the Jamaica Accords.
In conclusion, this meeting established the implementation of expanded access to IMF resources through a Trust Fund in order to create more support for developing countries.
[18] In June of the following year (1978), June 1979, and April 1981, Jamaica entered into three separate Extended Fund Facility (EFF) agreements,[19] which permitted Jamaica to repay its outstanding loan over a longer period of time due to economic factors that prevented the country from following the originally planned repayment plan.
EFF's allow a country to continue developing its internal structural integrity in order to strengthen economic growth without being too burdened by the costs of repayment.
Edward Phillip George Seaga who ran as the leader the Jamaican Labour Party in 1980, and won the seat as Jamaica's Prime Minister.
[23] As of 2018, Jamaica is joined in a constituency with Antigua, Barbuda, The Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Ireland, St. Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines.
Furthermore, Jamaica has a potential claim, also known as a Special Drawing Rights, of 155.55 million SDR's available for immediate withdrawal without conditionality.