Category: IMF

IMF Approves US$1.64 billion Standby Arrangement for Jamaica

“The Executive Board of the International Monetary Fund (IMF) today approved a threeyear Stand-By Arrangement (SBA) for Jamaica to support the authorities’ continued economic reform agenda. Access under the SBA arrangement amounts to about US$ 1,64 billion (SDR 1,195.3 million),

Jamaica, the Caribbean & De-Risking

    There has been much talk about de-risking in economic circles recently, centering especially around the impact it will have on Jamaica and the wider Caribbean region. The consensus from these groups seems to be that if left unchecked,

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IMF, Jamaica reach staff-level agreement on standby three-year precautionary stand-by arrangement

Staff-level agreement was reached on a new SBA to support an economic program aimed at sustaining macroeconomic stability, boosting employment, raising living standards, and progressively reducing poverty. The precautionary SBA will be an insurance against unforeseen economic shocks that are

Business Update: Exchange Rate & Stock Market Report

Exchange Rate September 30, 2014, the last day of trading for the month, the US dollar traded for an average selling rate of J$112.67:US$1.00, representing a less than one per cent appreciation relative to the ending of the previous month. August

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IMF UPDATE: “Women, Work, and the Jamaican Economy”

diGgers Yesterday, September 30, 2014 the International Monetary Fund, the Jamaican Government and civil society groups highlighted the importance of empowering women and reducing gender inequality at the seminar, “Women, Work, and the Jamaican Economy,” which took place at the

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IMF Update: IMF Executive Board Approves US$68.8 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today, September 24, 2014 completed the fifth review of Jamaica’s economic performance under the program supported by a four-year, SDR 615.38 million (about US$932 million at the time of approval) arrangement

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Economy Update: Inflation August 2014

Click Image According to the Statistical Institute of Jamaica’s (STATIN) ‘Consumer Price Index’ report released yesterday the inflation rate for August was 1.1 per cent, which represents 0.3 % decline when compared with July’s 1.4% . The Statistical Institute cited a 2.7

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Central Bank Reserves Slip By $60M

After two consecutive months of increase, the country’s Net International Reserves (NIR) fell by 3% or US$60 million from US$2,181.53 to US$2,121.49 at the end of August. The decline was mainly due to the payment of US$83.75 million on the

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Economy Update: Total Debt Servicing FY2014

 diG Deeper Total Debt – diGJamaica Economy Dashboard 

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Business Update: Exchange Rate & Stock Market Report

Exchange Rate August 29, 2014, the last day of trading for the month, the US dollar traded for an average selling rate of J$112.74:US$1.00. For point-to point (Aug. 2013 to Aug. 2014) comparison, the dollar depreciated by 10%. The depreciation

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