caribbean development bank

Antigua PM, Caribbean Development Bank President Hold Talks

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Belize Has a New All-Inclusive Resort, With 55 Suites, Two Pools, and a Swim-Up Bar

The early light on Ambergris Caye brushes the water in pale green and then deep blue before the sun clears the horizon. Boats slip across the calm sea, and the reef is already near enough that you can see the dark patches of coral beneath shallow water. At Reef Haven Belize, the day begins with […]

caribbean development bank

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 on Monday to hold talks with St Maarten’s Council of Ministers about the country’s considerations […]

caribbean development bank

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. The CDB’s top official, who was speaking at the recent UK-Caribbean Business Conference in London, […]

caribbean development bank

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 was speaking at the 44th Annual Meeting of the of the Board of Governors of […]

Caribbean Needs $30 Billion to Modernize Infrastructure in Next Decade

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 “AA/A-1+” status on long and short-term foreign currency ratings. The firm said its shift to […]

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 reservoir is one of several for construction on the island, along with two pumping stations. […]

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” and that it was committed to offering assistance in “creative ways.” “CDB will always be […]

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 AA+, the second high-profile downgrade for the bank in less than a month. The bank […]

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 Northern Jamaica Development Project, an initiative being implemented by the Ministry of Transport, Works and […]

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 meeting yesterday in Bridgetown. LaRocque’s visit to Barbados followed similar missions in St Kitts and […]

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 be attached to new instruments issued by the government to participating creditors. “The partial guarantee […]

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 and public sector projects in the region in its first year. That number represents more […]

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