July 25, 2021

World Bank Catastrophe Bond provides Jamaica $185 Million in storm protection

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Washington, DC, July 19, 2021 – The World Bank (International Bank for Reconstruction and Development, or IBRD) priced a catastrophe bond that will provide the Government of Jamaica with financial protection of up to US$185 million against losses from named storms for three Atlantic tropical cyclone seasons ending in December 2023.    The government of Jamaica is the […]

World Bank approves US$6 Million in additional financing for COVID-19 response and vaccines in Guyana

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WASHINGTON, June 30, 2021 — The World Bank approved today US$6 million in additional financing for the Guyana COVID-19 Emergency Response Project to support affordable and equitable access to COVID-19 vaccines and ensure effective vaccine deployment in Guyana. The project will also support general preparedness, resilience, and overall health system strengthening.   “An efficient and equitable rollout of COVID-19 vaccines […]

World Bank approves US$100 Million for The Bahamas’ COVID-19 response and recovery

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WASHINGTON, May 25, 2021 – The World Bank Board of Executive Directors approved today a US$100 million COVID-19 Response and Recovery Development Policy Loan for The Bahamas. The operation will support the country’s efforts to provide COVID-19 relief and lay the foundation for a resilient economic recovery.   “The COVID-19 pandemic came on the heels […]

World Bank provides US$20 Million for Saint Vincent and the Grenadines’ response to La Soufrière eruption

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WASHINGTON, April 12, 2021 – The World Bank disbursed US$20 million to support the Government of Saint Vincent and the Grenadines’ response to the crisis posed by the La Soufrière volcano eruption.  The explosive eruption began on April 8 and has required the evacuation of 20,000 people from the high-risk zones around the volcano, both […]

The OECS lauded for ‘people-centred’ development

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By Susanna DeBeauville-Scott & Vincent Lewis Tuesday, March 30, 2021 — The Organisation of Eastern Caribbean States (OECS) has been lauded by a key partner —Dillon Consulting— for making stakeholder engagement a key component of its development initiatives. The consulting firm recently developed Coastal Master Plans and Marine Spatial Plans for five OECS Member States under […]

World Bank approves US$20 million credit for Grenada’s transition to a resilient blue economy

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By Hannah McDonald-Moniz External Affairs Officer, The World Bank Courtesy The World Bank Tuesday, December 17, 2019 — WASHINGTON —The World Bank Board of Executive Directors approved a US$20 million credit to support Grenada’s transition to a resilient blue economy. The Second Fiscal Resilience and Blue Growth Development Policy Credit fosters reforms to support fiscal sustainability, […]

Bretton Woods at 75: The future of multilateralism

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*Monday at Georgetown Law + via Live Stream* As the World Bank and IMF turn 75, experts discuss the “crisis of multilateralism” and the  future of trade, inclusive globalization, human rights & governance and more WASHINGTON – Georgetown Law’s Center for the Advancement of the Rule of Law in the Americas (CAROLA) together with the Bank Information Center […]

World Bank approves US$30.6 million project to build resilience of public health systems in the Organisation of Eastern Caribbean States

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Reproduced Courtesy The World Bank Group By Alejandra De La Paz Melo Communications Associate, Latin America and the Caribbean, The World Bank Group Wednesday, September 4, 2019 — The World Bank’s Board of Executive Directors has approved a US$30.6 million regional health project to improve regional coordination and resilience for public health emergencies and extreme weather […]

Christine Lagarde resigns as head of IMF

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From BBC Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF). It comes ahead of a decision on her nomination to become head of the European Central Bank (ECB). Ms Lagarde said she would leave the IMF on 12 September. “With greater clarity now on the process […]

Caribbean countries to benefit from access to insurance for the Fisheries sector

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Monday, July 8, 2019 — CCRIF SPC and the World Bank are pleased to announce that on July 1, the Facility issued the Caribbean Oceans and Aquaculture Sustainability FaciliTy (COAST) fisheries parametric insurance policy to two of its member governments – Grenada and Saint Lucia. The COAST insurance policies provide coverage for fisherfolk and other players […]