World Bank

Grenada Secures $15 Million to Improve the Resilience of the Country’s Infrastructure

May 25, 2022

WASHINGTON, May 17, 2022—The World Bank Group (WBG) approved $15 million of International Development Association finance to make Grenada’s transport infrastructure more resilient to the impacts of climate change and natural hazards. The Grenada Resilience Improvement Project will finance interventions to protect principal transport corridors against coastal erosion fueled by sea level rise and flooding at the […]

Eastern Caribbean Secures US$27 Million from the World Bank to Improve Data-Driven Decision Making

May 18, 2022

Project aims to strengthen statistical systems and data production to better inform policymaking in the region – including gender and climate change WASHINGTON, May 17, 2022—The World Bank Group (WBG) approved today financing of US$22 million to Eastern Caribbean countries— Grenada (US$8 million), Saint Lucia (US$8 million), and Saint Vincent and the Grenadines (US$6 million)—as […]

Remittances to Reach US$630 Billion in 2022 with Record Flows into Ukraine

May 12, 2022

But economies dependent on flows from Russia will see major declines WASHINGTON, May 11, 2022 — Officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2 percent this year to reach US$630 billion. This follows an almost record recovery of 8.6 percent in 2021, according to the World Bank’s latest […]

World Bank Provides US$56M to Support Sustainable Blue Economy Growth in the Eastern Caribbean

May 3, 2022

WASHINGTON, May 2, 2022 – The World Bank’s Board of Executive Directors has approved IDA financing of US$56 million for the Unleashing the Blue Economy of the Caribbean (UBEC) project, to support several Eastern Caribbean countries in catalyzing the sustainable economic potential of their living marine and coastal assets. Of that sum, $15 million will be provided to Grenada, […]

Prime Minister Welcomes New World Bank Country Director For Grenada

April 12, 2022

April 12, 2022 – Prime Minister, Dr. the Rt.Hon. Keith Mitchell has welcomed new World Bank Country Director for Grenada, Ms. Lilia Burunciuc, who has responsibility for maintaining the partnership with Caribbean countries to address their development challenges. During her first visit to Grenada, Ms. Burunciuc had a series of meetings with senior Government officials […]

Belize Secures US$25 Million from the World Bank for Climate-Resilient Agriculture

March 15, 2022

WASHINGTON, March 14, 2022 – The World Bank’s Board of Executive Directors has approved financing of US$25 million for the Belize Climate Resilient and Sustainable Agriculture Project, which will aim to increase food production capacity and the adoption of climate-smart agricultural approaches among project beneficiaries. The project will provide over 7,000 farmers with weather data and […]

Wastewater Testing can Improve and Enhance the Response to COVID-19 in Latin America and the Caribbean

January 26, 2022

Wastewater testing provides a relatively economic method whereby countries in Latin America and the Caribbean can improve their detection, diagnosis, control, and monitoring systems for viruses that cause diseases like COVID-19 and its variants. This tool, which complements clinical studies, allows public policy makers to have a comprehensive, sustainable, early warning, and equitable tool to […]

Global Community Steps Up with $93 Billion Support Package to Boost Resilient Recovery in World’s Poorest Countries

December 16, 2021

$23.5 billion in donor contributions to IDA, World Bank fund for the poor WASHINGTON, Dec. 15, 2021 – The World Bank today announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future. The financing brings together $23.5 billion of contributions from 48 high- and […]

The World Bank Country Director Pledges Increased Support for Haiti

December 14, 2021

Port au Prince, December 13, 2021 – The World Bank’s Country Director for the Caribbean, Lilia Burunciuc, recently concluded a five-day visit to Haiti. She was accompanied by Robert Taliercio, the Regional Director of the Global Practice Equitable Growth, Finance, and Institutions (EFI) and members of the team working in Haiti, including the Country Manager, Laurent Msellati. […]

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