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The loans, GFC News reports, will concern the rehabilitation of the drinking water infrastructure and the strengthening of the local disaster management organisations. The news website reports that the signing of the agreements is set to take place at the Ministry of Foreign Affairs.
Moreno is currently on a three-country Caribbean visit. On Tuesday he put his signature under two loan agreements with the Barbados government, totaling US$40 million, to support initiatives that will bring significant economic benefits to the Caribbean island through sustainable energy and more effective coastal zone management. “The IDB is firmly committed to a strong partnership with Barbados,” Moreno www.Caribbean360.com quotes him as saying after signing the agreements with Prime Minister Freundel Stuart.
Moreno’s next stop is Trinidad and Tobago, followed by Suriname. The IDB has a portfolio of over US$1.3 billion in the Caribbean and is the leading source of multilateral finance for the region.