Search Result for: development policy loan

35 results found.

Barbados Signs $10 Million Loan Deal With IDB

Barbados has signed a pair of agreements with the Inter-American Development Bank for $10 million in loan financing. The funding will finance a programmed aimed at strengthening “human and social development” on the island, according to a government statement. Barbados […]

Grenada Getting $15 Million Loan For Growth, Climate Resilience

By Dana Niland CJ Contributor The World Bank Board of Directors has approved a $15 million Development Policy Credit and Loan (DPC/DPL) with Grenada. This financing aims to foster sustainable conditions for private investment, improve public resource management, strengthen the […]

Trinidad Receives $40 Million CDB Loan for Energy Policy Changes

Above: Clint Ramcharan, Director for Trinidad and Tobago (left) with CDB President, Dr Warren Smith By the Caribbean Journal staff Trinidad and Tobago has received a $40 million policy-based loan from the Caribbean Development Bank to help reinforce “policy changes” […]

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 […]

Op-Ed: The United States and Sugar Policy in the Caribbean

By Isabel Wees Op-Ed Contributor In 2001, President George W Bush launched the Caribbean Third Border Initiative with the countries of the Caribbean “to make sure the benefits of globalization are felt in even the smallest economies.” The Third Border […]

World Bank Approves $130 Million Loan For Jamaica

Above: the World Bank By the Caribbean Journal staff The World Bank Board of Directors has approved a $130 million development policy loan for Jamaica. The loan aims to promote “economic stability, debt sustainability and improve competitiveness in Jamaica,” according […]

Jamaica’s IMF Loan Rises to $958 Million; Board to Decide This Month

Above: Kingston (CJ Photo) By the Caribbean Journal staff A proposed 48-month funding arrangement under the Extended Fund Facility for Jamaica would total $958 million, according to the International Monetary Fund. That number is significantly higher than the $750 million […]

Trinidad Receives $246.5 Million IDB Loan for Environmental Conditions

By the Caribbean Journal staff Trinidad will be receiving a $246.5 million loan from the Inter-American Development Bank for a programme to improve the country’s environmental conditions. The loan will finance the first phase of a $546.5 million, three-phase programme […]

S&P Lowers Credit Rating on Caribbean Development Bank; Outlook Negative

Above: Barbados, home to the CDB, is current on its obligations to the bank (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the long-term foreign currency credit rating on the Caribbean Development Bank to “AA” from […]

Clinton: Haiti a “Foreign Policy Priority”

Above: US Secretary of State Hillary Clinton (Photo: US Department of State) By the Caribbean Journal staff Haiti opened the Caracol Industrial Park in northern Haiti, following a ceremony attended by Haiti President Michel Martelly, former US President Bill Clinton, […]

Forensic Audit to Begin on Jamaica Development Infrastructure Programme

Above: Works Minister Dr Omar Davies at a press briefing yesterday (JIS Photo) By the Caribbean Journal staff The Jamaican government will soon begin a forensic audit of the Jamaica Development Infrastructure Programme, a project whose alleged mismanagement led to […]

Trinidad Signs $130M IDB Loans

By the Caribbean Journal staff Trinidad has signed two loan agreements with the Inter-American Development Bank for a total of $130 million. The loans comprise $80 million in climate change support and $50 million aimed at strengthening the financial sector. […]

IDB Grants Suriname $40 Million Loan to Strengthen Financial Sector

Above: Paramaribo (UNESCO Photo) By the Caribbean Journal staff The Inter-American Development Bank has approved a $40 million loan that supports the government of Suriname’s financial sector reform programme. “Suriname has enjoyed robust and macro-economically balanced growth for the past […]

Talking Caribbean Small Business with the Inter-American Development Bank

By Alexander Britell The Inter-American Development Bank recently released a report containing the findings of a survey of 190 banks in the Latin America-Caribbean region. The bank wanted to gauge attitudes of commercial institutions in the area about small and […]

Trinidad Secures $235 Million IDB Loan for Budget Measures

Above: Trinidad Finance Minister Winston Dookeran (Photo: TGISL) By the Caribbean Journal staff Trinidad will secure a $235 million loan by the end of the year from the Inter-American Development Bank to implement a series of national budget measures, according […]

World Bank Concludes Antigua Visit

Above: Antigua (CJ Photo) By the Caribbean Journal staff The World Bank recently concluded a three-day visit to Antigua and Barbuda to explore a development policy loan for the country. The team came to Antigua from Feb. 12 to Feb. […]

Choosing Jamaica’s Future

“We are Jamaica’s problem” By Dennis Chung CJ Contributor I was sitting down to write this article on election day (February 25), after watching the lead-up to the election and the commentary from not only politicians but also us the […]

Addis Ababa and the Caribbean

Global financing and the Caribbean By George Nicholson and Rachael Robinson Op-Ed Contributors The issue of global financing for development is a critical theme in the international development agenda with the most recent United Nations (UN) meeting being the Third […]

Productivity in Jamaica

By Dennis Chung CJ Contributor JAMAICA SEEMS set to pass the sixth International Monetary Fund (IMF) test, underlining the fact that we have, no doubt, been making progress in establishing the framework on which development must take place. I say this […]

Belize Prime Minister, IDB President Hold Talks in Washington

Above: Belize Prime Minister Dean Barrow By the Caribbean Journal staff Belize Prime Minister Dean Barrow visited Washington this week and met with officials at the Inter-American Development Bank. Barrow held talks with IDB President Luis Alberto Moreno to discuss […]

College of the Bahamas Gets CDB Funding For Transformation Project

Above: the College of the Bahamas By the Caribbean Journal staff The government of the Bahamas will be receiving a $16.18 million loan from the Caribbean Development Bank, the CDB announced this week. The funding will help with an “institutional […]

New Chinese Ambassador to Dominica

Above: Dominica (CJ Photo) By the Caribbean Journal staff China’s new Ambassador to Dominica, Li Jiangning, has presented his credentials to Dominica President Charles Savarin. Li succeeds Ambassador Wang Zonglai, whose term ended in December 2013. At a credentials ceremony […]

Jamaica’s Big Risk

By Dennis Chung CJ Contributor WHILE walking, or cycling, I often see people who ask me many questions relating to the economy, finances, or issues about my second book. In the last few weeks, though, I notice that the majority […]

Is Jamaica on the Right Track?

By Dennis Chung CJ Contributor OVER the past few weeks, I have been approached by many persons who ask the questions: What is happening to the economy? Is Jamaica headed in the right direction? Is it time for me to […]

IDB, CDB Sign $20M Agreement For Projects in Dominica, Grenada, St Lucia

Above: Dominica (CJ Photo) By the Caribbean Journal staff The Inter-American Bank and the Caribbean Development Bank have signed a $20 million agreement for a global loan programme for projects in four Organization of Eastern Caribbean States countries. The loan […]

Op-Ed: China and the Caribbean

By Erik Neff Op-Ed Contributor IT HAS BEEN NO SECRET that China has taken a strategic economic interest in the Caribbean region. China’s intention to expand its financial influence has been crystal clear — it is seeking new political alliances […]

Dennis Chung: Jamaica’s Economy in 2013

By Dennis Chung CJ Contributor ONE QUESTION I get a lot is: what is to be expected of economic performance in Jamaica in 2013? In particular, people want to know about the IMF agreement, the exchange rate, inflation, and GDP […]

Guyana Continues “Impressive” Growth

Above: Amaila Falls By the Caribbean Journal staff Despite a worsening international economic climate, Guyana’s economy remains resilient, according to the International Monetary Fund. Last year, Guyana’s economy recorded a 5 percent increase in GDP, what the IMF called “impressive […]

Montego Bay Is Getting a New Riu All-Inclusive Next Month