The nation’s ability to combat chronic economic vulnerability, volatility and distress continues to improve.

This as Jamaica’s international reserves surpassed the US$5 billion mark.

Finance Minister, Dr. Nigel Clarke notes that as at March 31, Jamaica’s gross reserves stood at a historic high of US$5.231 billion, and the net international reserves totalled US$5.137 billion, which is also at a record high.

Dr. Clarke described the growth as an important milestone, especially with the country’s past experiences of chronic distress.

He added that having a high-level of international reserves lowers economic and investment risks.