caribbean development bank

Antigua PM, Caribbean Development Bank President Hold Talks

Grenada Receives $10 Million Loan From Caribbean Development Bank

Above: Grenada (CJ Photo) By the Caribbean Journal staff The Caribbean Development Bank’s board of directors has approved a $10 million policy-based loan for Grenada. The loan will support the Grenadian government’s “reform priorities,” according to the CDB. The loan …

St Maarten Mulls Membership in Caribbean Development Bank

Above: talks between St Maarten and CDB officials By the Caribbean Journal staff St Maarten is considering an application to become a member of the Caribbean Development Bank. A delegation led by CDB President Dr Warren Smith arrived in Philipsburg …

Caribbean Needs $30 Billion to Modernize Infrastructure in Next Decade

Above: Caribbean Development Bank President Dr Warren Smith (CJ Photo) By the Caribbean Journal staff The Caribbean region needs some $30 billion USD to modernize its infrastructure over the next decade, according to Caribbean Development Bank President Dr Warren Smith. …

Time For Caribbean Region to “Attack” High Energy Costs

Above: geothermal work in Dominica (Caribbean Journal photo) By the Caribbean Journal staff It’s time for a frontal “attack” on high energy costs in the Caribbean region, according to Dr Warren Smith, president of the Caribbean Development Bank. Smith, who …

S&P Raises Caribbean Development Bank Outlook to “Stable”

Above: the Caribbean Development Bank’s headquarters By the Caribbean Journal staff Ratings firm Standard & Poor’s has raised its outlook on the Caribbean Development Bank to stable from negative. The revision came as the New York-based firm affirmed the bank’s …

Caribbean Development Bank President Visits Jamaica

Above: Dr Warren Smith By the Caribbean Journal staff Caribbean Development Bank President Dr Warren Smith is currently on an official visit to Jamaica. Smith, who began the trip on Wednesday, said the CDB remained a “strong partner of Jamaica” …

Nevis Commences Work on $11 Million CDB-Funded Reservoir Project

By the Caribbean Journal staff Nevis has launched the first phase of an $11.1 million Caribbean Development Bank-funded project aimed at building a 500,000-gallon reservoir. Phase 1 of the Nevis Water Enhancement Project began last week in Spring Hill. The …

Standard & Poor’s Downgrades Caribbean Development Bank, Outlook “Stable”

Above: the bank, which had another ratings firm downgrade its credit, is based in Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term issuer credit rating on the Caribbean Development Bank from AAA to …

Jamaica’s Budget Targets Northern Coast

Above: Negril By the Caribbean Journal staff Jamaica’s government has set aside just under $26 million (J$2.25 billion) for a group of projects aimed at improving the infrastructure on the country’s northern coast. The allocation will be executed through the …

St Kitts and Nevis Government Working on Debt Restructuring Plan

Above: Charlestown, Nevis (CJ Photo) The government of St Kitts and Nevis is in advanced discussions with the Caribbean Development Bank on a comprehensive debt restructuring exercise. The two sides are discussing a partial guarantee from the CDB that would …

Stuart: Identify Challenges to Integration

Above: Barbados PM Freundel Stuart and CARICOM SG Irwin LaRocque By the Caribbean Journal staff Barbadian Prime Minister Freundel Stuart urged CARICOM Secretary General Irwin LaRocque to identify the existing paramount challenges facing regional integration of the Caribbean in a …

Caribbean Joint Action Plan Commits $960 Million in First Year

The European Investment Bank By the Caribbean Journal staff The Caribbean Joint Action Plan, a collaboration between six leading development banks aimed at bringing the Caribbean out of the downturn, has totaled more than $960 million in commitments to private …