Tag: loan

NEWS

Barbados Prime Minister Says Debt Burden Must Be Shared By All

Barbados Prime Minister Mia Mottley has touted the debt restructuring program which Barbados has undertaken by declaring that it has saved the country in many ways. The Prime Minister made the remarks while addressing members of staff and students of the University of the West Indies, Cave Hill Campus. She noted that the debt restructuring program has been challenging for […]

BUSINESS Commerce Social media

Jamaica Gets $285 million Contingent Loan From IDB

The Inter-American Development Bank (IDB) has granted $285 million contingent loan to Jamaica to help boost the nation’s disaster response efforts and help protect the public purse. The loan allows Jamaica to meet any extraordinary public expenses that may result from natural disasters. It will also allow the country to cushion any financial shock that may negatively impact its fiscal […]

NEWS

Jamaica Signs US$15-Million Energy Deal

The Government of Jamaica has signed a US$15-million loan agreement with the Japan International Cooperation Agency (JICA) for the implementation of the Energy Management and Efficiency Program (EMEP). Minister of Finance and the Public Service, Hon. Audley Shaw explained that the sum is the second portion of a joint loan of US$30 million for the roll-out of the EMEP. “The […]

EDUCATION School

On One Student’s Debt Hangs Millions Hope

A win in the court for one man could take the yoke off the back students Today, the federal student loan bill stands at $1.2 trillion; this is indeed no small amount of money. Outside of mortgages, it represents the second largest source of consumer debt in the U.S. This figure is also projected to double over the next decade. […]