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 of the devastation […]
December 21, 2020, BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) today signed a US$50 million loan agreement to support COVID-19 response projects in the Organisation of Eastern Caribbean States (OECS) Member States. The agreement was signed by CDB Vice-President (Operations), Diana Wilson Patrick and IDB Representative in Barbados, Juan Carlos De la […]
The Board of Directors of the Caribbean Development Bank (CDB) today approved a US$20-million loan for Dominica to help close financing gaps, which have widened due to the Covid-19 pandemic. The country, still reeling from the devastation of Tropical Storm Erika in 2015 and Hurricane Maria in 2017, which caused an estimated loss of 90% […]
St. George’s: June 24, 2020: The Government of Grenada is finalizing the loan agreement with the Grenada Co-operative Nutmeg Association, before disbursing the financial package approved by Cabinet. During a meeting in May, Cabinet approved a grant of one million EC dollars to the GCNA, recognizing that sale of the produce was interrupted by the […]
June 10, 2020 – The Government of Grenada is taking further steps to help safeguard the survivability of small hotels in Grenada, as they face the unprecedented impact of the COVID-19 pandemic. Having made an additional $5 million dollars available through the Small Hotel Loan Facility at the Grenada Development Bank as part of the […]
May 20, 2020 – Prime Minister and Minister of Finance, Dr. the Right Honourable Keith Mitchell, says with the concessional financing Grenada has been able to attract, Government can focus more on the bolstering the healthcare system for the ongoing fight against the COVID-19 pandemic. Dr. Mitchell’s comments come against the backdrop of the announcement […]
The Caribbean Development Bank (CDB) is making available emergency loans to seven Caribbean countries, in the first instance, to finance the response to the COVID-19 pandemic. Today, the Bank’s Board of Directors has approved a total of US$66.7 million for Antigua and Barbuda (US$13 million), Belize (US$15 million), Dominica (US$2.5 million), Grenada (US$5.9 million), Saint Lucia (US$10.8 […]
July 26, 2018, BRIDGETOWN, Barbados – The Board of Directors of the Caribbean Development Bank (CDB) has approved a USD9.3 million (mn) loan to the Government of Anguilla, to implement a reform programme that aims to restore fiscal sustainability and enhance resilience against natural disasters. Anguilla is highly vulnerable to natural disasters, and since 1995, […]
