The loan arrangements were authorized at the World Bank's base of operations in Washington, DC, the last 4 day's ago.

Minister of Finance and Planning, Peter Phillips, enrolled part of Jamaica, while World Bank Country Director for the country, Sophia Sirtaine, signed for the banking.

The loans are in assistance of 3 government projects.

The Foundation for Competitiveness and also Growth, will receive US$ 50 million; the Youth Employment in Digital animation Market, US$ 20 million, and the Strategic Public Sector Transformation Job, US$ 35 million.

Phillips says the loans are focuseded on advancing the prospects for growth as thecountry goes through a strenuous economic reform programme that forms part of the agreement with the International Monetary Fund.

He said the Govt. will do its best to make sure a smooth execution of the 3 projects.

Phillips as well as his delegation are also engaged in a series of discussions with officials at the United States Treasury, State Division, the IMF and the Inter-American Development Bank.

He is accompanied by the Governor of the Bank of Jamaica, Brian Wynter; Director General of the Planning Institute of Jamaica, Colin Bullock; Financial Secretary, Devon Rowe and Ambassador to the United States, Stephen Vasciannie.