Loans Jamaica

A US$300 million (J$26.7 billion) Inter-American Development Bank (IDB) loan, which the Government unveiled with much fanfare earlier this year as a source of dedicated capital for the Jamaican private sector, has been opened to government entities, which have borrowed nearly 30 per cent of the US$90 million that has been disbursed so far under the scheme. US$89.7 million, or approximately J$8 billion, has already been loaned, with 71 per cent going to the private sector … more