Education loan for Jamaica

JAMAICA Gleaner – Jamaica has signed a US$16-million loan from the World Bank Board to support reforms in the education system.

The loan, which equates to J$1.4 billion, is repayable in 26 years, including a five-year grace period.

Yvonne Tsikata, World Bank director for the Caribbean said the loan disbursement represents a step towards developing an important pillar of Jamaica’s education system.

“Building staff capacity and helping institutional structures and systems to become fully functioning and efficient entities is at the core of the new programme,” Tsikata said.