World Bank approves US$40 million to boost job creation in rural Jamaica

The World Bank yesterday approved a US$40 million loan for Jamaica to boost income opportunities and job creation in rural areas.

The funds will be allocated under the second phase of the Rural Economic Development Initiative.

The project will improve access to markets and resilience to climate change for about 200 agricultural and rural tourism micro, small, and medium enterprises. It will also provide training for public sector institutions and partners. 

 Around 70,000 people are expected to benefit from investments in productive activities, training, and capacity building, with inclusion of youth and women as a priority