Printer Friendly

Loans from IDB.

Jamaica received US$90 million of the recently agreed US$101 million loan package from the Inter-American Development Bank (IDB), reports JIS (Dec. 19, 2008) The agreement covers three loans. Earlier in the week, the Finance Ministry completed negotiations with the IDB regarding the US$300 million Liquidity Program for Growth Sustainability. Also, a US$14 million IDB loan was made available to finance improvements to eight schools, as part of the Primary Education Support Project (PESP). Since the beginning of 2008, the IDB has approved a record eight loans, totaling US$405 million, to Jamaica.
COPYRIGHT 2009 Caribbean Update, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:JAMAICA
Publication:Caribbean Update
Date:Feb 1, 2009
Previous Article:21% increase in phone rates.
Next Article:Aid for banana farmers.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters