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  • President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, arrived in the island this afternoon (December 18), for a two-day visit.
  • President Moreno’s visit coincides with activities surrounding the celebration of the IDB’s 45 years of partnership with Jamaica and will include tours of IDB-funded projects, a ground-breaking ceremony at the construction site of the new IDB offices in Kingston, and a cultural reception for IDB partners, stakeholders and staff.
  • The Bank’s support includes the commitment of US$510 million to the Extended Fund Facility between the Government and the International Monetary Fund.

President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, arrived in the island this afternoon (December 18), for a two-day visit.

President Moreno’s visit coincides with activities surrounding the celebration of the IDB’s 45 years of partnership with Jamaica and will include tours of IDB-funded projects, a ground-breaking ceremony at the construction site of the new IDB offices in Kingston, and a cultural reception for IDB partners, stakeholders and staff.

On Friday, 19th December 2014, Mr. Moreno will meet with Prime Minister, the Most Hon. Portia Simpson-Miller; the Minister of Finance and Planning, Dr. the Hon. Peter Phillips and other senior officials in the Government.

The IDB, a leader in social and economic development and one of the largest sources of multilateral financing for Latin America and the Caribbean, is one of Jamaica’s development partners.

The Bank’s support includes the commitment of US$510 million to the Extended Fund Facility between the Government and the International Monetary Fund. Priority areas for IDB funding to Jamaica include support for programmes to improve fiscal sustainability, enhance social protection and security measures, and improving Jamaica’s business climate

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