Inter-American Development Bank Begins Barbados Visit

By: - May 10th, 2011

By the Caribbean Journal staff

Eleven counsellors of the Inter-American Development Bank are in Barbados looking at local projects funded by the bank. Representatives of the bank, which last week warned that the region was in danger of significant effects from rising food prices, are meeting with Barbados’ Housing and Neighborhood Upgrading Programme and the Caribbean Development Bank, along with a visit later this week with the Barbados Chamber of Commerce.

Barbados

U.N.: Caribbean Foreign Direct Investment Fell 18 Percent in 2010

ECLAC headquarters in Santiago, Chile By the Caribbean Journal staff A report released yesterday showed Latin America with a larger increase in foreign direct investment than any other region last year, but the Caribbean did not fare as well, according to the U.N.’s Economic Commission for Latin American and the Caribbean. While Haiti saw a […]

Barbados

Geothermal Project Planned in Nevis

A geothermal well in Nevis Caribbean geothermal developer West Indies Power Holdings has announced plans for an 8.5-megawatt project in Nevis. The project will be funded with a $55 million loan from the Export-Import Bank of the United States. Nevis’ Administration has been given permission to guarantee the loan, a necessary prerequisite. [Bloomberg]

Barbados

Trinidad's Energy Minister Meets with Ghanaian Officials on Natural Gas

Ghana’s Energy Minister Dr. Joe Oteng-Adjei and Trinidad’s Minister of Energy Carolyn Seepersad-Bachan By the Caribbean Journal staff Following an agreement that would see Trinidad supply energy for power plants in Ghana, Trinidad and Tobago’s Minister of Energy and Energy Affairs, Carolyn Seepersad-Bachan, visited Ghana at the end of last month. The minister led a […]

Barbados PM Stuart Discusses Impact of Osama Bin Laden's Death

 The Barbadian government has responded to the death of Al-Qaida leader Osama Bin Laden with caution, following the country’s historical foreign policy of “friends of all, satellites of none.” Prime Minister Freundel Stuart said he hoped the situation would resolve itself quickly, and that the global political fallout would not be too great. “Barbados does […]

Inter-American Development Bank Warns on Caribbean Food Prices

By the Caribbean Journal staff Caribbean nations need to protect their urban poor as rising international food prices trigger an acceleration of inflation, according to a report from the Inter-American Development Bank. According to the report, “How will the Food Price Shock Affect Inflation in Latin America and the Caribbean?”, there is an increased risk […]

After 25 Years, Swiss Government Moves to Seize Duvalier's Millions

The Barbadian government has responded to the death of Al-Qaida leader Osama Bin Laden with caution, following the country’s historical foreign policy of “friends of all, satellites of none.” Prime Minister Freundel Stuart said he hoped the situation would resolve itself quickly, and that the global political fallout would not be too great. “Barbados does […]

Bahamas Signs Deal on $48.5M Sports Centre Renovation

 The Bahamian government signed a $48.5 million contract with two local companies for what is dubbed as the Queen Elizabeth Sports Centre Redevelopment Project. The deal is part of the country’s broader strategy to capitalize on so-called “sports tourism” something Bahamas Minister of Tourism Vincent Vanderpool-Wallace told Caribbean Journal last month. “It should not be […]