Jamaica's Net International Reserves rose by US$157.4 million to US$6.3 billion at the end of December, up from US$6.1 billion at the end of November.
The increase was driven mainly by a US$148 million rise in foreign assets, which climbed to US$6.3 billion in December, as well as a reduction in foreign liabilities. Foreign liabilities fell by about US$10 million to US$13 million from US$22.4 million in November.
As a result, the country's reserves were sufficient to cover 52 weeks of imports in December, compared with 51 weeks the month before.
The Net International Reserves were also able to finance 33 weeks of imports of goods and services, marginally higher than the almost 33 weeks recorded in November.
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