Tuesday, April 16, 2024

US$300M BOOST

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Another round of major funding is in the pipeline for Barbados.

The Inter-American Development Bank (IDB) Group says it will give Government access to US$300 million in “sovereign-guaranteed loans” over the next five years.

The financier also wants to have “dialogue” with the Mia Mottley administration about how it can help solve public transportation and health challenges.

This latest funding will be channelled to Government via the 2019-2023 country strategy approved in recent days by the IDB’s Board of Executive Directors. (SC)

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