The Dollar Slows Its Roll
The selling rate for US$1 as at April 30, 2013 was US$1- J$99.35, according to the daily trading summary published by the Bank of Jamaica (BOJ). This represented a 0.5% devaluation from what it traded...
View ArticleIMF Approves EFF for Jamaica: Press Release – May 1, 2013
“The Executive Board of the International Monetary Fund (IMF) today approved a four-year Extended Fund Facility (EFF) arrangement for Jamaica to support the authorities’ comprehensive economic reform...
View ArticleIMF Survey: IMF Loan to Help Jamaica Cope With Growth and Debt Challenges
“In this interview, the IMF’s mission chief for Jamaica, Jan Kees Martijn, discusses the key priorities for Jamaica and what it will take for the program to succeed.” See answers to questions: IMF...
View ArticleChart of the Week: Are the IMF-set fiscal targets at risk?
Chart of the Week is a look at the summary of 2013/2014 Government of Jamaica Revenue Measures that were announced in February 2013. During the four year arrangement under the Extended Fund Facility...
View ArticleStable Exchange Rate?- May 2013
In May the Jamaican currency devalued by 0.1% which represents the smallest rate of change since the start of the year. However, in comparison to the same period last year (May 2012) it represents a...
View ArticleStock Market Indexes Rises- May 2013
The Jamaica Stock Exchange index ended trading in May with 87,577.92 points which represents a 5% increase over the 83,476 points it ended April 2013. However, a 1% decrease under the 88,381.96 points...
View ArticleJamaican Dollar Makes History
On Friday June 7, 2013 the Jamaican Dollar made history when it broke the psychological barrier of $100 to US$1, closing trading with a weighted average rate of $100.08:US$1. This represents a 1.1%...
View ArticleChart of the Week – NIR Replenishes
For this week’s Chart of the Week we look at our Net International Reserves (NIR). The Bank of Jamaica (BOJ) Net International Reserves are defined as the U.S. dollar value of gross foreign assets of...
View ArticleTourism Sector Takes A Big Hit
In rounding out the Winter Tourist Season, the overall total number of visitors to the Island in April, as well as per category: long stay visitors and cruise ship visitors declined significantly. For...
View ArticleThe IMF Special Report
In May, diGJamaica launched the IMF Special Report , which is the first and only online information portal about Jamaica’s relationship and interaction with the International Monetary Fund. The aim of...
View Article$101 & Counting
On June 5th 2013, to be exact the US Dollar closed trading selling at an average $100.08:US$1, representing the breaking of the psychological barrier $100 to US$1. It further went on to end trading...
View ArticleEconomy Update: June 2013 Net International Reserves
The spell of the ‘downward streak’ on the Net International Reserves seems to have been banished. In June NIR totaled US$1,003.21M, representing a 1.5% increase over May’s US$988.86 and represents the...
View ArticleChart of the Week: Tax For Public-Transport Operators Coming Soon
Our Chart of the Week is the summary of 2013/2014 Government of Jamaica Revenue Measures that were announced in February 2013. On April 18, 2013, during his budget presentation Minister of Finance Dr....
View ArticleEconomic Update: June Inflation Extraordinarily Low
Data released by the Statistical Institute of Jamaica (STATIN) has revealed that June’s inflation was a meagre 0.15%. That result is the lowest rate of inflation for a calendar month that diGJamaica...
View ArticleIMF Watch – Update On The Flat Tax For Public Transport Operators
diGgers following on our blogpost “Tax For Public-Transport Operators Coming Soon” when we highlighted the integral role of revenues as it relates to the IMF Agreement, we bring you an update. Based on...
View ArticleToday Marks Second Payment Towards 2010 IMF SBA & More
diGgers following on our blog post “The IMF Repayments Have Begun! (For The 2010 Stand-By Arrangement)“ when we provided you with a breakdown of the schedule repayments of the 2010 loan and promised to...
View ArticleEconomy Update: July 2013 Net International Reserves
The break in the ‘downward streak’ of the Net International Reserves was short lived, as following 2 consecutive months of increases, the Net International Reserves at the end of July 2013 was...
View ArticleIMF Watch: Update On 2010 SBA & Omnibus Incentive Tax Bill
diGgers in keeping with our mandate to bring you all the need to know news and information about the implementation of the IMF programme, we bring to you a timely update. Today, September 25, 2013 the...
View ArticleExchange Rate Update: Record High – $103
On September 30, 2013, “good news” broke that the International Monetary Fund Executive Board had approved the first review of Jamaica’s four year Extended Fund Facility agreement. The same day ‘bad...
View ArticleOmnibus Incentive Legislation – Statement and Bill
Today, the Minister of Finance tabled the much awaited Omnibus Incentive Bill that is required to be tabled in Parliament as per the IMF agreement. See these links for: HMFP Statement to Parliament on...
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