Multi-Million-Dollar Loan From IDB Helps Jamaica Get Disaster Ready

Multi-Million-Dollar Loan From IDB Helps Jamaica Get Disaster Ready

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Multi-Million-Dollar Loan From IDB Helps Jamaica Get Disaster Ready

Source: Caribbean 360

KINGSTON, Jamaica, Wednesday November 7, 2018 – The next time a natural disaster strikes, Jamaica will be better prepared. That’s because a US$285 million contingent loan from the Inter-American Development Bank (IDB) will bolster the nation’s response efforts and help protect its public purse.

The IDB financing allows Jamaica to pay for any extraordinary public expenses that could arise from emergencies caused by natural disasters.

Read more: http://www.caribbean360.com/news/multi-million-dollar-loan-from-idb-helps-jamaica-get-disaster-ready#ixzz5WH48QAHj

 

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