Jamaica gets new lending program from World Bank

Published May 7, 2014 12:30am ET



KINGSTON, Jamaica (AP) — Jamaica will receive $510 million under a new four-year lending program that is part of an economic reform initiative led by the struggling country’s government, the World Bank’s Caribbean director said Tuesday.

At a news conference in the capital of Kingston, Sophie Sirtaine said things were currently moving in the right direction on the island after many years of anemic growth. Jamaica has had one of the world’s slowest growing economies for four decades.

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