News

Dominica, CARICOM Development Fund Sign Loan Agreement

By: Caribbean Journal Staff - July 24, 2013 - 4:45 am

Above: Dominica (CJ Photo)

By the Caribbean Journal staff

Dominica has signed a loan agreement with the CARICOM Development Fund.

The agreement was signed on Tuesday, covering financial investments for job creation and agricultural export, according to a government statement.

The funding totals $7.1 million USD, or around $18.4 million EC, with about $1.4 million to be received as grant funding.

“The projects we have chosen to finance are additional works at the Melville Hall Airport, support for the operationalization of pack houses, which is critical to the export of our agricultural produce; upgrading of the services provided by the Dominica Bureau of Standards; support to the AID Bank, and a line of credit to private businesses to be administered by the AID Bank,” Dominica Prime Minister Roosevelt Skerrit said. “A number of the productive sectors would benefit from this facility at the AID Bank.”

Lorne McDonnough, CEO of the CARICOM Development Fund, said the “significant” funding would help deepen Dominica’s integration in CARICOM.

Guyana received similar funding earlier this month for its agriculture sector.

Popular Posts antigua long bay

25 Perfect Caribbean Beaches to Add to Your Summer Bucket List

There’s nothing like a Caribbean beach in summer. The crowds thin out, the winds relax, and the islands start breathing in a different way. The beaches you thought you knew feel new again— stretches of sand once packed with winter […]


The 15 Best Hotels in Trinidad and Tobago, From Hidden Eco-Retreats to Luxury Towers

trinidad and tobago hotels where to stay

From Port of Spain to Tobago’s quiet coasts, these are the places to check in now No two Caribbean islands are quite like Trinidad and Tobago—and no two hotels here feel the same. This is a destination of contrast: Carnival […]


This Marriott All-Inclusive Resort Is Coming to Barbados —  And You Can Book It With Points

new brand for the caribbean

Barbados has long been a haven for adults in search of refinement — the kind of place where luxury and culture blend in quiet, confident harmony. Now, that ethos is becoming the foundation of a new resort concept that aims […]


Related Posts guadeloupe is an island hopping paradise

Why Guadeloupe Is a Caribbean Island Hopping Paradise

Guadeloupe isn’t one island—it’s a self-contained archipelago of six inhabited isles (and countless islets and cays), each with its own rhythm, landscape, and identity. Set in the French Caribbean, Guadeloupe is unified by a strong Creole and French heritage, yet […]


The Story from the Latest Caribbean Hotel Data: Occupancy Lower, Rates Up Slightly 

montego bay

Caribbean hotel occupancy is declining. We won’t sugarcoat it (although it’s far more market-dependent, with many islands actually seeing climbs). But overall, region-wide, it’s down. That’s the story from the latest data from STR.  Occupancy in May was 61.7 percent […]


The Best Quick Caribbean Getaways from New York 

quick caribbean getaways from new york

Sometimes the best kind of Caribbean escape is the kind you can pull off without thinking. Just book a flight, pack a carry-on, and head south before the city knows you’re gone. From New York, that’s not a dream — […]