Social protection is the focus of a new World Bank loan to Rwanda and an Inter-American Development Bank loan to Jamaica.
The World Bank is lending $6 million for Rwanda’s social protection and health policy reforms. The credit supports the Vision 2020 Umurenge Program, Rwanda’s poverty reduction strategy. It will help to reduce poverty-income gaps, encourage the use of modern contraceptives, and increase annual per capita allocation to performance-based financing for health facilities and community health cooperatives.
In Jamaica, IDB is offering a $50 million loan to back social safety net programs. The loan will help to improve the targeting and increase the coverage of the government’s conditional cash transfer program, “Program of Advancement through Health and Education.” It will also support a school feeding program that provides incentives for improved school attendance.
Read more development aid news.