Economy

World Bank commits US$10.2 billion to boost Caribbean economic growth : Caribbean360


The World Bank says it has committed US$10.2 billion this year to support Latin America and the Caribbean efforts to boost economic growth and maintain historic social gains.The Washington-based financial institution said that the amount included resources from its International Bank for Reconstruction and Development IBRD, the International Development Association IDA, the International Finance Corporation IFC and the Multilateral Investment Guarantee Agency MIGA.The World Bank’s IBRD and IDA “maintained its strong support for the region” by approving more than US$5.1 billion in new loans in fiscal year 2014, US$4.6 billion from IBRD and US$455 million from IDA, the bank’s fund for the poorest countries, the statement said. via Caribbean360

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