Bahamas borrows $200 mln from IDB

Bahamas borrows $200 mln from IDB

Loans Economy & Policy Bahamas Caribbean United States Latin America

The Bahamas has secured a $200 million loan from the Inter-American Development Bank (IDB) to finance the sustainable development of ocean resources, known as the blue economy, the multilateral lender said in a press release on Thursday. The 20-year loan comes with a five-year grace period and includes funding for the government to form the Ministry of the Environment and draft an environmental protection law, according to a document from the IDB. The loan also involves financing for micro, smal

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