IADB agrees $100m loan to boost Jamaican healthcare

The Inter-American Development Bank has approved a policy-based loan of $100 million to support the strengthening of Jamaica’s health systems to better prevent and manage the care of non-communicable diseases. 

The main objective of this program is to contribute to the improvement of the health of Jamaica’s population by bolstering comprehensive policies for the reduction of non-communicable (chronic) diseases risk factors. It also aims to improve access to an upgraded and integrated primary and secondary health network in prioritized areas, with an emphasis on chronic disease management. The idea is to provide more efficient and higher quality care. 

The $100 million loan is for a five-year term and an interest rate based on LIBOR.