IDB to Lend USD600M to Jamaica in 2010

The Inter-American Development Bank will lend up to USD600 million to Jamaica in 2010, Daniel Zelikow, the bank’s executive vice president, said following a meeting with Jamaican Prime Minister Bruce Golding. IDB’s 2010 priorities in Jamaica include assisting the implementation of fiscal management reforms, enhancing credit markets, improving the country’s tax system and supporting its social programs. The bank already approved approximately USD200 million worth of new loans that target education reforms and economic improvements in the country.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.