GIFF JOHNSON
An agreement is expected to be signed next year that will more than double the level of funding for micro loans in the Marshall Islands.
Responding to a request from Bank of Marshall Islands to expand micro loan resources, Taiwan’s International Cooperation and Development Foundation (ICDF) is expected to endorse the plan developed through consultations earlier this year.
Yung-Hsin Lin, ICDF Program Officer for Lending, was in Majuro last month to continue development of the proposal that would see an additional $900,000 be provided by ICDF for the micro loan program managed by Bank of Marshall Islands.
Read more about this in the December 14, 2018 edition of the Marshall Islands Journal.