Suriname Eyes IDB Loan for Cash Transfers

    The Surinamese government is reportedly in talks with the Inter-American Development Bank for a $20 million loan that will be used to set up a fund for conditional cash transfers.

    The emergency fund will provide the poorest families in Suriname with a monthly allowance in exchange for regularly sending their children to school and ensuring that they have regular medical checkups, Starboek News reports.

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    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.