Jamaica to Boost Fiscal Reforms with IDB Aid

Jamaica signs a loan for fiscal policy reform with the Inter-American Development Bank. Photo by: Lejia Lombardi / IADB

The Inter-American Development Bank and Jamaica have signed a USD200 million agreement designed to support the country’s fiscal consolidation program. 

This is IDB’s second loan for the program, following the USD200 million it provided in August for the first phase of the program, which aims to strengthen’s Jamaica’s fiscal policy. The loan brings IDB’s total loans for Jamaica’s reform programs to USD600 in 2010.

Earlier this year, the bank approved a USD200 million financing package to support reforms in the country’s education sector and help boosts its competitiveness, among other initiatives. 

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.