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Finance Minister to sign another IDB loan

Published:Thursday | February 18, 2010 | 12:50 PM

The finance minister Audley Shaw is to sign three multi-million dollar loan agreements with the Inter-American Development Bank (IDB) this afternoon.

The loans total US$170 million or JA$15.2 billion.

An advisory from the finance ministry said the loans are policy-based.

This means that the money can only be used to help in the reform of Government systems like the tax structure and not to fix roads or build schools.