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Thursday, 24 May 2012

Funds to JSIF will make better respond to Jamaican vulnerable population

A total of $1.868 billion, allocated to the Jamaica Social Investment Fund (JSIF) by the European Union along with the Jamaican Government, Caribbean Development Bank, and the International Bank for Reconstruction and Development, will make possible undertake several initiatives, including: Poverty Reduction Programme II and III; Rural Economic Development Initiative; and Tropical Storm Gustav Emergency Recovery Fund, among others. Funds allocated are for the period 2012/13.
The scheme, which started in November 1996 and has been extended several times, is intended to assist the Government in responding to the needs of the most vulnerable population groups in the country. On a particular note,  it will help stimulate and enhance income generating and employment opportunities in agriculture and rural tourism.
According to  Jamaica Information service, up to February 2012, some 1,074 projects had been completed; and 1,632 projects had been approved from inception.

Source: Jamaica Information Service