World Bank To Give Jamaica us$105m in Loans

Jamaica is to receive US$105m (ja$11.8 Billion) in loans following the signing of three agreements between the Government and the World Bank yesterday.

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They were signed at the World Bank in Washington, D.C by Finance Minister Dr. Peter Phillips and the institution’s Country Director Sophia Sirtaine.

The loans will fund three government projects – the Foundation for Competitiveness and Growth, which will receive US$50m and the Youth Employment in Digital Animation Industry US$20m.

US$35m will go to the Strategic Public Sector Transformation Project.

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