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17 05, 2020

IMF Executive Board Approves a US$ 520 Million Disbursement to Jamaica to Address the COVID-19 Pandemic

2020-05-17T10:44:28-05:00

May 17, 2020 The IMF Executive Board approved Jamaica’s request for emergency financial assistance of about US$520 million to help meet the urgent balance-of-payments needs stemming from the COVID-19 pandemic. The Jamaican authorities have adopted timely and targeted measures to boost health spending and mitigate the economic impact of the pandemic, supporting jobs and vulnerable

IMF Executive Board Approves a US$ 520 Million Disbursement to Jamaica to Address the COVID-19 Pandemic2020-05-17T10:44:28-05:00
14 05, 2020

BOJ: Re Dividends Postponement by Financial Holding Companies and Deposit-Taking Institutions Since

2020-05-14T15:56:18-05:00

May 14, 2020 Since mid-March 2020, financial institutions have experienced an extraordinary need for liquidity in order to facilitate portfolio shifts by their customers and to build buffers against growing uncertainty. In response to liquidity needs Bank of Jamaica initiated several measures including the purchase of securities and the extension of short-term lending in order

BOJ: Re Dividends Postponement by Financial Holding Companies and Deposit-Taking Institutions Since2020-05-14T15:56:18-05:00
14 05, 2020

Gas Price Movement-May 14, 2020

2020-05-14T14:55:57-05:00

May 14, 2020 Brent Oil Brent oil prices increased by 3.29% or US$0.97, as prices rose this week relative to the prior week. Oil traded on May 14, 2020 at a price of US$30.43 per barrel relative to US$29.46 on May 07, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87

Gas Price Movement-May 14, 20202020-05-14T14:55:57-05:00
8 05, 2020

Net International Reserves – April 2020

2020-05-08T11:34:59-05:00

May 8, 2020 Net International Reserves- April 2020 Jamaica’s Net International Reserves (NIR) totaled US$3,132.65 million as at April 2020, reflecting an decrease of US$105.02 million relative to the US$3,237.67 million reported as at the end of March 2020 (see figure 1). Changes in the NIR resulted from an decrease in Foreign Assets of US$106.77

Net International Reserves – April 20202020-05-08T11:34:59-05:00
7 05, 2020

Gas Price Movement- May 7, 2020

2020-05-07T12:39:09-05:00

May 7, 2020 Brent Oil Brent oil prices increased by 21.49% or US$5.43, as prices rose this week relative to the prior week. Oil traded on May 07, 2020 at a price of US$30.70 per barrel relative to US$25.27 on April 30, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87

Gas Price Movement- May 7, 20202020-05-07T12:39:09-05:00
6 05, 2020

Volume of retail trade down by 11.2% in the Euro Area

2020-05-06T14:54:37-05:00

May 06, 2020 In March 2020, the COVID-19 containment measures widely introduced by Member States had a significant impact on retail trade, as the seasonally adjusted volume of retail trade declined by 11.2% in the euro area and by 10.4% in the EU, compared with February 2020, according to Eurostat, the statistical office of the

Volume of retail trade down by 11.2% in the Euro Area2020-05-06T14:54:37-05:00
5 05, 2020

Government Operations Results for March 2020

2020-05-05T16:07:36-05:00

May 5, 2020 Government Operations Results for March 2020 For the period of April 2019 to March 2020, the GOJ reported Total Revenues & Grants of $649.76 billion, $4.50 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 3.3% relative to the $628.99 billion recorded for the corresponding

Government Operations Results for March 20202020-05-05T16:07:36-05:00
5 05, 2020

March 2020’s Industrial Producer Prices fell by 1.5% in Euro area

2020-05-05T14:46:27-05:00

May 05, 2020 The latest report published by Eurostat, the statistical office of the European Union stated that “in March 2020, the month when COVID-19 containment measures began to be widely introduced by Member States, industrial producer prices fell by 1.5% in the euro area and by 1.4% in the EU, compared with February 2020.”

March 2020’s Industrial Producer Prices fell by 1.5% in Euro area2020-05-05T14:46:27-05:00
30 04, 2020

Q1 2020 US GDP falls 4.8%

2020-04-30T15:22:15-05:00

April 30, 2020 Real gross domestic product (GDP) declined at an annual rate of 4.8% for the first quarter of 2020 according to the advance estimate released by the Bureau of Economic Analysis (BEA). However, for the fourth quarter of 2019, real GDP had a 2.1% growth. The downward movement in real GDP for the

Q1 2020 US GDP falls 4.8%2020-04-30T15:22:15-05:00
30 04, 2020

Gas Price Movement-April 30, 2020

2020-04-30T10:58:53-05:00

April 30, 2020 Brent Oil Brent oil prices increased by 24.57% or US$5.24, as prices fell this week relative to the prior week. Oil traded on April 30, 2020 at a price of US$26.57 per barrel relative to US$21.33 on April 23, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87

Gas Price Movement-April 30, 20202020-04-30T10:58:53-05:00