Tag: fiscal-reform

Economy Update: End of October 2015

    Above, is the October instalment of our monthly Economy Updates. Noteworthy stories include the Main Index of the JSE showing continued growth and reports that unemployment is at a three year low. For more information on Jamaica’s economic performance, check

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IMF Update: Primary Surplus Target Lowered

Today in IMF news, Mission Chief Uma Ramakrishnan announced that Jamaica’s primary surplus target will be lowered to 7.25% this fiscal year, down from the previous target of 7.5%. For FY 2016/2017, the target has been lowered further to 7%. The

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6 Things You Need To Know Today – November 3, 2015

Private Sector Calls For Accountability Over Dead Babies. Two of the country’s leading private-sector organisations are demanding greater accountability for the tragic deaths of 19 premature babies, after they were infected during a bacterial outbreak at two of Jamaica’s major public

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6 Things You Need To Know Today – October 28, 2015

Ferguson Defensive As Opposition MPs Fire Questions Over Dead-Babies Issue. Prime Minister Portia Simpson Miller has given the clearest indication yet that she has no intention of relieving Dr Fenton Ferguson of his ministerial responsibility for health, telling the minister in

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5 Facts: Jamaica’s Ninth IMF Review

In September, the IMF completed its ninth review of the nation’s performance under the EFF agreement of 2013. The organization published a country report detailing the findings of this review. Read the entire report, and check out the 5 facts that

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6 Things You Need To Know Today – September 25, 2015

Stay The Course – World Bank Representative Appeals To Next Elected Government To Maintain Economic Programme. World Bank Country Manager Galina Sotirova is urging whichever party emerges victorious in the next general election to stay the economic course being charted by

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Economy Update: Why Is Inflation At A Record Low?

BOJ Governor, Brian Wynter, announced that the 12 month period ending July 2015 showed inflation at 3.8 percent, a 43 year low. What led to such comparatively low levels of inflation? Let’s take a deeper look into the movement of the

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NIR Climbs To 39-Month High

Net International Reserves at the end of September was US$2,200.57 million. September’s Reserves of US$2,200.57 million is the highest it has been since June 2011. At current exchange rates,this amount represents enough reserves to purchase 27.17 weeks of Goods Imports and 19.52

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Economy Update – 1.8% Growth In Q2

The Statistical Institute of Jamaica (STATIN) is reporting that the Jamaican economy grew by 1.8 per cent in the second quarter of 2014, when compared to the similar quarter of 2013. This is the highest recorded Q2 Real GDP in

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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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