Caribbean Life News reports that the Inter-American Development Bank (IDB) has approved a US$20 million loan in helping Suriname launch an urban rehabilitation program with focus on Paramaribo’s old town, which was declared a UNESCO World Heritage Site in 2002. Nelson A. King reports:
The Washington-based financial institution said on Wednesday that the project seeks to contribute to the socio-economic revitalization of the city’s historic center “in order to attract back residents and businesses to the area; restore its cultural heritage value; reduce traffic congestion; and strengthen the institutional framework for its sustainable management.”
Paramaribo, Suriname’s capital, has 243,556 inhabitants, or 45 percent of the country’s population, the IDB said.
Leave a Reply