IDB Provides US$248 Million for Key Government Initiatives
The Inter-American Development Bank (IDB) has provided US$248 million in loan support for three key government initiatives.
A total of US$160 million has been earmarked for the Public Sector Transformation Project; US$68 million for the National Identification System (NIDS); and US$20 million to further boost national security technology inputs.
Finance and the Public Service Minister, Hon. Audley Shaw, and IDB President, Luis Alberto Moreno, signed agreements formalising the provisions during a ceremony at The Jamaica Pegasus hotel in New Kingston on Monday (February 26).
The signing coincided with the seventh annual IDB Caribbean Governors’ Conference, which was held today (February 27), at The Jamaica Pegasus hotel.
Mr, Shaw, who emphasised the importance of the public-sector transformation programme, reiterated that 84 State entities are being targeted for closure, divestment, merging or subsuming back into Central Government over the next three years.
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Image: Ken Teegardin (flickr)