Jamaica’s net international reserves continue to scale new heights closing at the end of August 2023 jumped US$299 million to a record month end balance of US$4.43 billion, up from US$4.13 billion at the end of July.
The main factor driving the reserve is a reduction of amounts due to the International Monetary Fund (IMF) of $362 million moving the figure from US$508 million in short term debt down to US$146 million at the end of August.
At the end of December last year, the reserves stood at US$3.978 billion and have climbed US$456 million for the year to date.
Jamaica’ NIR jumps to record high
September 8, 2023 by