IDB to provide US$30 million loan to Jamaica

By Admin Wednesday December 19 2012 in Caribbean
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KINGSTON: The Inter-American Development Bank (IDB) has announced it will provide a US$30 million loan to Jamaica to help the nation’s poor.

 

The loan will support social protection programs targeting people who benefit under the Program of Advancement Through Health and Education (PATH) and the School Feeding Program.

 

The IDB said that the beneficiaries are mainly children, pregnant and lactating women and adult members of PATH beneficiary households.

 

One of its components will finance conditional grants ranging from US$750 to US$1,265 per month to eligible children and pregnant women who comply with a series of co-responsibilities dealing with a pre-set number of clinic visits per year and school attendance.

 

A second component will strengthen the PATH by supporting parental education workshops for beneficiary households with two- to six-year-old children. The workshops will focus on the children’s nutrition, discipline, safety, learning and health needs. The IDB component will also upgrade services, facilities and equipment for the early stimulation program for children with disabilities.

 

A third component will focus on improving labour market outcomes through development of links between social assistance and labour markets, advances in national employment services and establishment of an on-the-job training pilot for members of PATH beneficiary households.

 

It will subsidize up to three months of training in private firms for 1,500 beneficiaries, help expand the current electronic labour exchange and conduct studies aimed at developing a national employment strategy.

 

The IDB said the fourth component will support modernization of the School Feeding Program and will finance activities to advance preparation of the planned School Feeding Policy and strengthen the program’s administrative structure.

 

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