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Word Count: 413
Once again the World Bank gives another bailout to an already shattered Jamaican economy This bailout or loan as they call it would be worth one hundred and twenty nine million eight hundred thousand dollars This loan will provide seventy five million to support the governments as it thinks about selling its interest in Jamaicas largest insurance and bank provider the Life of Jamaica and National Commercial Bank This is the first of the three financial reforms The second loan is for reformation of quality and availability of secondary education in Jamaicas educational system This loan would be worth a total of thirty nine million and eight hundred thousand dollars This reform will take over fifteen years till it is complete Third and final reform is worth fifteen million dollars This loan shall be for the building of new infrastructure like schools health centers and homeless shelters The World Bank issued this loan agreement on Thursday October 24 2002 This loan arrangement happens to come conveniently after a major election year in Jamaica The world banks so called reform loans shall help put the final decision of to which the countries largest bank and insurance provider shall be sold Of course it will be the World Bank or one of its affiliates This would be the only true reason why Jamaica is probably getting these loans of so called reform But its not that much money for schools and basic infrastructure Compare the loan of fifty four million and eight hundred thousand dollars for Jamaica to Toledo Ohios own levy 2 of half a billion dollars just for schools and reform for them How does the Jamaican government plan to really make significant changes to its educational programs and buildings with just fifty four million and some odd dollars When Toledo a city whose population is not even compared to half of Jamaicas whole native population needs half a billion dollars to reform its public
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