IN 1976 the Bank of Jamaica (BOJ) ran entirely out of foreign exchange, leaving the Net International Reserves (NIR) balance at zero. There was no foreign exchange to buy oil to provide the country with electricity and gasoline — key sources of energy. No money to buy medicine and other vital supplies for the health sector, to purchase basic food supplies…
Category: Financial Information Resource Jamaica
The World Bank in Jamaica; Country Overview
After four decades of little or no growth, the Jamaican economy is expected to grow at 1-2% over the medium term. The country is confronted by serious social issues that predominantly affect youth, such as high levels of crime and violence and high unemployment.
WELCOME
Your place for optimal financial literacy and informational resources to support your banking or investment endeavors in Jamaica. Your Financial FactSheet is the only one-stop unbiased online financial information resource center of it’s kind serving the island since 2009. You are invited to browse, learn, and use the self-help tools to broaden your awareness, examine your options, improve the management of your personal finances, and chart your course to ultimate financial freedom.