August 11, 2020

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 […]

World Bank report recommends actions for sustainable blue economy in the Caribbean

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By Catherine Benson Wahlen From IISD STORY HIGHLIGHTS The report identifies the main sources of marine pollution in the Caribbean, including wastewater and plastics. It proposes a 12-point action plan to reverse the threat of marine pollution in the Caribbean and transition towards a more sustainable blue economy that can preserve ocean resources, build resilience […]

ILO to host major universal social protection conference

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GENEVA (ILO News) – The Global Partnership for Universal Social Protection (USP2030) is to hold a high-level conference at the International Labour Organization headquarters in Geneva, Switzerland, on 5 February from 09.00 – 18.15. Social protection prevents poverty, reduces inequality and is the key to sustained, inclusive economic and social development. The ‘Together to Achieve […]

Is the World Bank funding forced labor?

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From Freedom United The World Bank is an institution that provides loans for developing countries. Right now it is providing almost $500 million to Uzbek agriculture projects. Yet Uzbekistan’s cotton industry has historically relied upon state-sanctioned forced labor. Urge the World Bank to force change or withdraw their funding now! Whilst we have seen progress […]

The Caribbean and climate change: Evil in paradise?

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By Rebecca Theodore From The Nassau Guardian Is there an immediate lifeline for the lives of the more-than-40 million people who now lie in peril in the Caribbean? In no uncertain terms, the ravaging effects of climate change in the Caribbean are rapidly changing the relationship between people and their environment. If for anything, climate change […]

Work on geothermal plant in Dominica, Caribbean could start Q3 2019

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By Alexander Richter From Think Geo Energy The Government of Dominica in the Caribbean has announced that construction of the long awaited geothermal power plant could start as early as in the third quarter of 2019 with funding recently announced by the IDB and Caribbean Development Bank, with funding by the World Bank. As reported […]