Jamaica’s gross reserves swelled to US$4.8 billion earlier this week, as the US$520 million that was promised by the International Monetary Fund (IMF) has been disbursed. The funds Jamaica received are part of the US$650 billion which IMF member nations approved on August 2 as part of efforts to give the global economy “a shot in the arm” in dealing with the novel coronavirus pandemic. The Bank of Jamaica (BOJ) said the increased allocation is not a loan from the IMF and will therefore not increase the country’s debt stock.

https://www.jamaicaobserver.com/business-report/imf-boost-boj-gets-us-520-m-allocation-reserves-now-close-to-us-5b_229710?profile=1056