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Jamaica's initial quota was in the amount of US$20,000, which was allocated to the IMF in February 1963. Subsequently, Jamaica has increased its quota shares in 1966 (twice),and again in 1969, 1970, 1978, 1980, 1984, 1992, 1999, and in 2016. As of today, Jamaica has an outstanding (unpaid) loan in the amount of 528.78 million SDR's. [28]
The Jamaica Accords were a set of international agreements that ratified the end of the Bretton Woods monetary system. [1] They took the form of recommendations to change the "articles of agreement" that the International Monetary Fund (IMF) was founded upon. [ 2 ]
The Jamaica Stock Exchange is the principal stock exchange of Jamaica, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica . Today, the JSE is one of the largest stock exchanges in the Caribbean by size and market capitalization.
Jamaica, which had seen its poverty rate drop almost 20 percent over two decades, saw it increase by eight percent in a few years. The unemployment rate in Jamaica is approximately 6.0% (April 2022, Statistical Institute of Jamaica), with youth unemployment more than twice the national rate, albeit trending downwards (15%).
The quota share is a specified number or percentage of the allotment as a whole quota, that is prescribed to each individual entity. For example, the United States imposes an import quota on cars from Japan. The Japanese government may see fit to impose a quota share program to determine the number of cars each Japanese car manufacturer may ...
By international standards, minerals most valuable on the international market are found in Cuba, Jamaica, and Trinidad and Tobago.Several nations of the Caribbean are rich in natural resources; including Trinidad's vast natural gas and oil reserves, Jamaican bauxite and most recently the discovery of a large oil field in Guyana.
January's bauxite production recorded a 7.1% increase relative to January 1998 and continued expansion of alumina production through 2009 is planned by Alcoa. [219] Jamaica is the fifth-largest exporter of bauxite in the world, after Australia, China, Brazil and Guinea. The country also exports limestone, of which it holds large deposits. The ...
Percival Noel James Patterson, ON, OCC, KC (born 10 April 1935), popularly known as P.J. Patterson, is a Jamaican former politician who served as the sixth Prime Minister of Jamaica from 1992 to 2006.