Grenada, CARICOM Development Fund to Sign $5.8M Agreement

By: - October 25th, 2013

Above: Grenada

By the Caribbean Journal staff

Grenada and the CARICOM Development Fund will be signing a $5.83 million agreement on Monday.

The pact will be signed by Grenada Prime Minister Dr Keith Mitchell and CARICOM Development Fund CEO Lorne McDonnough.

It will focus on four areas: a line of credit to the Grenada Development Bank for lending to small and medium-sized businesses; technical assistance to the GDB for the preparation of business plans for SMEs; standards, metrology and certification and energy development, with a particular focus on energy efficiency in the tourism sector.

The latter involves direct grant assistance for the implementation of energy plans for Grenada’s hotel sector, in partnership with the Grenada Hotel and Tourism Association.

The Country Assistance Programme will provide support in areas including tourism, agriculture and manufacturing, according to the government.

Grenada

Long Bay Beach Club Readies For Relaunch in Tortola

Above: the new Long Bay Beach Club By the Caribbean Journal staff The former Long Bay Beach Resort & Villas in Tortola is set to reopen on Saturday as the new Long Bay Beach Club, Elite Island Resorts announced Thursday. The British Virgin Islands property recently underwent a brief closure for renovations, along with a […]

Grenada

Antigua and Barbuda, China Sign Deal on Community Centre Project

Above: Antigua PM Baldwin Spencer and Ren Gonping, China’s Ambassador to Antigua By the Caribbean Journal staff Antigua and Barbuda and China have signed an agreement for the construction of a “multipurpose community centre” as part of the Gray’s Green Community Comprehensive Buildings Project. The agreement on the project, which has been in the works […]

Grenada

Trinidad and Tobago to Receive $20 Million Loan From IDB

Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago will be receiving a $20 million loan from the Inter-American Development Bank. The loan seeks to improve the country’s handling of property registration, by cutting the number of days to register a property sale and to “enhance measures to identify property […]

Montserrat Set to Begin Long-Term Testing of Geothermal Wells

 Above: Montserrat By the Caribbean Journal staff Montserrat will soon begin long-term testing at one of its geothermal wells, according to Director of Public Works Ron Beardsley. The process, which he said will take about three weeks, follows the completion of Iceland Drilling Company’s work on the island. “Well MON-01 is currently flowing and long […]

Haiti's NH El Rancho Hotel Opens Doors

Above: the new NH El Rancho in Haiti By the Caribbean Journal staff The new NH El Rancho hotel opens its doors Thursday in Haiti, begins welcoming guests Thursday. The four-star property in Port-au-Prince’s Petion-Ville neighbourhood underwent a significant reconstruction. Once one of Haiti’s most famous hotels, actually comprises two buildings; the recently-renovated east wing […]

Barbados Eyes Inter-Governmental Agreement With US on FATCA

 Above: Montserrat By the Caribbean Journal staff Montserrat will soon begin long-term testing at one of its geothermal wells, according to Director of Public Works Ron Beardsley. The process, which he said will take about three weeks, follows the completion of Iceland Drilling Company’s work on the island. “Well MON-01 is currently flowing and long […]

Seaborne Airlines Launching Service to the Dominican Republic

 Above: a Seaborne Plane By the Caribbean Journal staff Seaborne Airlines is launching service to the Dominican Republic, the company announced Wednesday. The St Croix-based carrier will be introducing service from San Juan to La Romana International Airport in the Dominican Republic, beginning Dec. 12. The service will initially operate Thursdays and Sundays, with daily […]