Financing

World Bank Approves US$6 Million in Additional Financing for COVID-19 Response and Vaccines in Guyana

June 30, 2021

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$50 Million to Support Volcanic Emergency Response and Recovery in Saint Vincent and the Grenadines

June 27, 2021

WASHINGTON, June 25, 2021 – The World Bank Board of Executive Directors approved today US$50 million in Supplemental Financing for the Second Fiscal Reform and Resilience Development Policy Credit (DPC) for Saint Vincent and the Grenadines. This quick-disbursing operation aims to help the country cover a large unexpected financing gap and address emergency needs caused by the La […]

World Bank Approves Additional Financing of US$13.5 Million for Guyana’s Education Sector

January 26, 2021

WASHINGTON, January 25, 2021 — The World Bank’s Board of Executive Directors approved today additional financing of US$13.5 million to support the ongoing Guyana Secondary Education Improvement Project. The project, which aims to improve teaching in mathematics and increase enrollment in secondary schools, will provide equipment and training to support innovative technology-assisted education delivery methods. The additional financing will […]

World Bank Approves US$25 Million Credit for Grenada’s COVID-19 Response and Recovery

December 17, 2020

WASHINGTON, December 17, 2020 – The World Bank Board of Executive Directors approved today the US$25 million Grenada COVID-19 Crisis Response and Fiscal Management Development Policy Credit. This quick-disbursing financing will support the country’s efforts to respond to the COVID-19 crisis in the short term and enhance long-term sustainability and resilience. “In recent years, the Government of Grenada […]

World Bank Provides Additional Financing of US$26 Million to Strengthen Flood Risk Management in Guyana

November 20, 2020

WASHINGTON, November 19, 2020 — The World Bank Board of Executive Directors approved today US$26 million in additional financing for Guyana to support the ongoing Guyana Flood Risk Management Project. These funds will help to improve Guyana’s climate resilience, protect economic activity, and reduce the impact of natural disasters. “Ninety percent of Guyana’s inhabitants live on the […]

Caribbean Countries Call for Implementing Urgent Solutions to Support Financing for Development in the Era of COVID-19 and Beyond

September 13, 2020

Authorities from more than 25 countries met with ECLAC and other multilateral organizations at the Caribbean Development Roundtable and the Caribbean Development and Cooperation Committee. Heads of State, ministers and other high-level authorities from more than 25 Caribbean countries, along with officials from international and multilateral organizations, stressed the importance of implementing urgent solutions to […]

Countries of the Region Urge for a Paradigm Shift in International Financing and for Strengthening Multilateralism

August 5, 2020

Representatives of ECLAC’s member countries met today at the thirty-fifth session of the Commission’s Committee of the Whole, in which Costa Rica assumed the regional organization’s Presidency Pro Tempore for the next two years. Representatives of Latin American and Caribbean countries urged for a paradigm shift in international financing that would allow for immediate responses […]

World Bank Provides US$15 Million Additional Financing for Eastern Caribbean Health Sector

June 29, 2020

The World Bank Board of Executive Directors approved US$15 million in additional financing for health sector projects in the Eastern Caribbean. The financing replenishes funds that were redirected from these projects to support the countries’ immediate emergency response to the COVID-19 pandemic. “The World Bank provided speedy financing to Dominica, Grenada, Saint Lucia, and Saint […]

World Bank Approves Financing to Strengthen Saint Vincent and the Grenadines’ Economic Resilience and Disaster Preparedness

June 27, 2020

The World Bank Board of Executive Directors approved today US$40 million for the Second Fiscal Reform and Resilience Development Policy Credit with Catastrophe Deferred Drawdown Option (Cat DDO) for Saint Vincent and the Grenadines. The quick-disbursing operation supports the country’s program to strengthen fiscal sustainability and enhance climate and disaster resilience to future shocks. It also supports […]

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Financing