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.


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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