inter-american development bank

New Fund to Bridge Caribbean Agriculture and Climate Change

Jamaica Receiving Funding to Improve Climate Change Resilience

Above: Jamaica (CJ Photo) By the Caribbean Journal staff Jamaica is receiving new funding from the Inter-American Development Bank to improve the country’s resilience to climate change. The funding includes a $10 million “highly” concessionary loan and a $7,895,000 grant …

Dominican Republic to Receive $250M Loan to Boost Productivity

Above: the Dominican Republic (CJ Photo) By the Caribbean Journal staff The Dominican Republic will be receiving a $250 million loan from the Inter-American Development Bank to boost productivity and improve the country’s business climate. The loan will target the …

Honduras, Guatemala, El Salvador Outline Joint Development Plan

Above: IDB headquarters in Washington By the Caribbean Journal staff The Presidents of El Salvador, Guatemala and Honduras assembled in Washington last week to outline a plan to promote “economic, social and institutional development in their countries.” Presidents Salvador Sanchez …

China Holds Business Summit With Latin America, Caribbean

Above: Changsha, China By the Caribbean Journal staff Hundreds of executives from Latin America, the Caribbean and China recently gathered for the eighth China-Latin America and the Caribbean Business Summit. Last week’s summit, hosted in Changsha, China, focused on opportunities …

Haiti to Receive $14 Million Grant For Agricultural Health Efforts

Above: the Inter-American Development Bank’s headquarters By the Caribbean Journal staff Haiti will soon receive a $14 million grant to help the country’s government reduce plant and livestock losses and increase exports. The grant, which was approved by the Inter-American …

Inter-American Development Bank Names New Chief Financial Officer

Above: the Inter-American Development Bank’s headquarters in Washington By the Caribbean Journal staff The Inter-American Development Bank has named Gustvao De Rosa its new finance manager and chief financial officer. De Rosa’s appointment takes effect Nov, 1, 2014. A native …

Dominican Republic: IDB Approves $78M Loan For Electricity Grid

Above: the Dominican Republic (CJ Photo) By the Caribbean Journal staff The Inter-American Development Bank has approved a $78 million loan to the Dominican Republic to improve the country’s electrical distribution grid and reduce electricity waste. The project, which is …

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 …

Suriname to Receive $100 Million in Loans From IDB, China

Above: Suriname’s National Assembly By the Caribbean Journal staff Suriname will be receiving a pair of $50 million loans from the Inter-American Development Bank and the China Co-financing Fund for Latin America and the Caribbean. The funding is part of …

Haiti, IDB to Partner on Green Energy Projects in Rural Areas

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff The Inter-American Development bank has approved a grant for a $3 million cooperation project with the government of Haiti to test green energy projects. The projects will test models based on …

IDB, EU Sign Agreement on Latin American, Caribbean Development

Above: Fort de France, Martinique (CJ Photo) By the Caribbean Journal staff The Inter-American Development Bank and the European Union have signed a Memorandum of Understanding aimed at enhancing cooperation to improve development in Latin America and the Caribbean. The …

Jamaica Begins New Initiative to Lower Road Traffic Deaths

Above: Kingston (CJ Photo) By the Caribbean Journal staff A new Inter-American Development Bank initiative aims to lower road traffic deaths in the Caribbean, particularly Jamaica, using better data collection practices. The initiative is a partnership between the IDB, the …

Haiti: IDB Approves $4 Million in Loans for Garment Company Expansion

Above: Port-au-Prince, Haiti (CJ Photo) By the Caribbean Journal staff South Korean firm Willbes Co, Ltd will be expanding its facility in Haiti’s Port-au-Prince with up to $4 million in loans approved by the Inter-American Development Bank. The facility at …

Tobago Eyes Solar Lighting Project

Above: Tobago By the Caribbean Journal staff Tobago has received a $100,000 allocation from the Inter-American Development Bank for a renewable energy programme, according to Natacha Marzolf, who heads the IDB’s team on green energy. Marzolf recently visited Tobago for …

Haiti: United States Has Disbursed $2.5 Billion Since 2010 Earthquake

Above: the Caracol Industrial Park (Photo: OP Haiti) By the Caribbean Journal staff The United States has disbursed more than $2.5 billion in Haiti since the earthquake in January 2010, according to a State Department release issued Wednesday. That number …

Haiti Receives $17.5 Million Grant to Promote Investment, Exports

Above: an atelier in Haiti (Photo: Clinton Bush Haiti Fund) By the Caribbean Journal staff The Inter-American Development Bank has approved a $17.5 million grant to promote investment and development in Haiti, the Bank announced. The grant aims to strengthen …

Haiti Receives $50 Million IDB Grant for Children’s Education

Above: the Academy for Peace and Justice, a free secondary school in Haiti By the Caribbean Journal staff Haiti will soon receive a $50 million grant from the Inter-American Development Bank to be used for children’s education, the Bank announced. …

Survey: Latin American, Caribbean Banks Plan to Increase Credit for SMEs

Above: downtown Basseterre (CJ Photo) By the Caribbean Journal staff Around 77 percent of banks in Latin America and the Caribbean expect to increase credit for small and medium-sized enterprises (SMEs), according to a survey conducted by the Inter-American Development …