Prime Minister Peter O’Neill made the announcement recently.
The Prime Minister said the World Bank along with the ADB is working on the drawdown of US$300 million each to assist with the Foreign exchange in the country.
He said the Credit Suisse Bank were also preparing legal documents for a US$190 million.
All in all, a total of US$790 million will be available for this financial year.
O’Neill clarified that the money will go straight to the Central Bank then to the commercial banks.