Business
World Bank sanctions US$100m loan for Jamaica
The World Bank board of directors has approved a US$100-million loan for Jamaica to support the Government’s reform programme to enhance fiscal and debt sustainability.The initiative is part of a coordinated effort by the international financial…
The World Bank board of directors has approved a US$100-million loan for Jamaica to support the Government’s reform programme to enhance fiscal and debt sustainability.
The initiative will support the enhancement of fiscal and debt sustainability; increasing the efficiency of financial management and budget process; and strengthening tax administration and increasing tax revenue capacity.
Finance Minister Audley Shaw (pictured), said that increasing debt and financial management as well as enhancing tax administration and tax revenue capacity are all priority areas.
Source: Jamaica Observer