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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.
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Title Annotation:JAMAICA
Publication:Caribbean Update
Date:Feb 1, 2009
Words:96
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