Dr Arturo A. Valenzuela, the assistant secretary of state in charge of Western Hemisphere affairs, says the Barrack Obama-led administration helped Jamaica to get the current US$1.27 billion stand-by loan from the International Monetary Fund (IMF) in order to help deal with its balance of payments disequilibria.
Speaking at a media roundtable held at the [...]
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Although the International Monetary Fund (IMF) says that the country in on the right path to meet the June quarterly performance test, the technical memorandum of understanding agreed to by the international lending agency and the government is saying something different.
For example, under the agreement, the primary surplus should be running at $12.1 billion [...]
The central bank is positing that the increase in remittance flows recorded during the period January to May of this year could have been higher when compared to the same period of last year, if the unrest in western Kingston did not lead to the closure of remittance outlets during the week of May 24.
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Data released by the Statistical Institute of Jamaica (Statin) indicate that the difference between the values of physical goods imported and exported by the country during the last 40 years was US$56.0 billion or J$4.8 trillion at current exchange rates.
The Statin data also revealed that imports of fuel, food, raw materials, intermediate and capital [...]
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