world bank

Op-Ed: The Future of Caribbean Air Transport

Dominican Republic Getting $150M For Coronavirus Response

The World Bank has released $150 million to the Dominican Republic to help the country in its fight against the novel coronavirus, COVID-19. The funds have been disbursed from a “contingent credit line” from the World Bank known as the …

Dominica’s Geothermal Hopes Get a Big Boost

By the Caribbean Journal staff One of the Caribbean’s most ambitious green energy projects is getting a major boost from the World Bank. The global institution has approved a $27 million project to support the construction of a 7mw geothermal …

The World Bank’s New Caribbean Chief

The World Bank has appointed Tahseen Sayed Khan as its new Country Director for the Caribbean. She will be responsible for maintaining a “solid partnership” with the countries to address their development and financial challenges, the organization said in a …

Grenada Getting $15 Million Loan For Growth, Climate Resilience

By Dana NilandCJ 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 banking …

What are the Best Places for Doing Business in the Caribbean?

By the Caribbean Journal staff The World Bank has released its 2016 Doing Business report, and there’s a familiar place at the top of the Caribbean region: Puerto Rico. The US Caribbean territory is ranked 57th in the world for …

How Can Haiti’s Growth Improve?

How can Haiti grow — and grow in a different way? By Dana NilandCJ Contributor A new report from the World Bank Group has outlined key opportunities and constraints to faster sustainable and inclusive growth in Haiti. The report cites the nation’s …

The World Bank Has a New Country Manager in Jamaica

New appointee for the World Bank By the Caribbean Journal staff The World Bank has named Galina Sotirova its new country manager for Jamaica, the organization announced. Sotirova, who assumed duties July 1, has now moved to Kingston to begin …

Why Caribbean Business Needs Reform

By Paul HayCJ Contributor Doing Business 2015: Going Beyond Efficiency is the 12th in the series of long-standing co-publications of the World Bank and International Financial Corporation which ranks the global competitiveness of nations annually. In this publication, 189 economies …

Why This is the Biggest Challenge for Caribbean Youth (And Why There’s Hope)

By Marcia Forbes, PhDCJ Contributor This is Part 2 of excerpts from ‘Caribbean Youth and Unemployment’ prepared for the Inter-American Development Bank’s ‘XIV Reunion BID – Sociedad Civil’ hosted in Nicaragua during late 2014. Challenges of Joblessness Rebelliousness Online & …

How Long Does It Take For a Caribbean Company to Pay Taxes?

Above: downtown Nassau, Bahamas (CJ Photo) By the Caribbean Journal staff Paying business taxes takes a long time, no matter where you are in the world. In the United Arab Emirates, it takes about 12 hours every year — that’s the …

This is the Best Island in the Caribbean For Doing Business

Above: San Juan, Puerto Rico (CJ Photo) By the Caribbean Journal staff What’s the best island in the Caribbean for ease of doing business? According to the newest edition of the World Bank’s annual Doing Business report, it’s Puerto Rico …

“Visible Progress” in Haiti: World Bank Managing Director

Above: Sri Mulyani Indrawati (World Bank Photo/Dominic Chavez) By the Caribbean Journal staff Haiti is seeing “visible progress,” according to World Bank Managing Director and Chief Operating Officer Sri Mulyani Indrawati, who recently concluded a three-day visit to the country. …

A Big Boost for Caribbean Conservation

Above: Grenada (CJ Photo) By the Caribbean Journal staff The Caribbean Biodiversity Fund will be receiving a $7.2 million contribution from the Global Environmental Facility through the World Bank. The funding will promote the “conservation, protection, management and expansion of …

Ranking the Caribbean on Logistics

Above: Nassau (CJ Photo) By the Caribbean Journal staff Which countries in the Caribbean have the best logistics performance? To find out, CJ looked at the recently-released Logistics Performance Index from the World Bank, a benchmarking tool which was created …

Ranking the Caribbean on Projected Economic Growth in 2014

Above: St Vincent and the Grenadines (CJ Photo) By the Caribbean Journal staff The World Bank released its mid-year Global Economic Prospects report on Tuesday evening, which included its updated growth projections for the Caribbean. Regionally, the Bank said growth …

Ranking the Caribbean on Internet Use

Above: St Kitts (CJ Photo) By the Caribbean Journal staff Which Caribbean countries use internet the most? We took a look at the recently-released World Development Indicators report, which we used in last week’s story on mobile phone use in …

Jamaica Finalizing $50 Million “Growth and Competitiveness” Project

Above: Industry, Investment and Commerce Minister Anthony Hylton By the Caribbean Journal staff Jamaica’s government is currently in the midst of finalizing a $50 million “growth and competitiveness” project with the World Bank, according to Industry, Investment and Commerce Minister …

Ranking the Caribbean on Cell Phone Use

Above: Grand Cayman (CJ Photo) By the Caribbean Journal staff Where do people use cell phones the most in the Caribbean? To find out, we looked at the most recent edition of the World Bank’s World Development Indicators report, which …