Life and Debt is a 2001 American documentary film directed by Stephanie Black. It examines the economic and social situation in Jamaica, and specifically the impact thereon of the International Monetary Fund and the World Bank's globalization policies. Its starting point is the award-winning non-fiction essay A Small Place by Jamaica Kincaid.These loans were conditional on structural adjustment policies, which required Jamaica to enact major economic reforms, including trade liberalization, privatization, and deregulation. However, the reforms were unsuccessful and left the country with $4.6 billion dollars in debt. The film blames the World Bank and the IMF for causing this situation.