World Bank

Saint Vincent and the Grenadines Receives US$40 Million from the World Bank to Support Volcano Eruption Recovery

December 1, 2021

WASHINGTON, November 30, 2021 – The World Bank Board of Executive Directors approved today US$40 million for the Volcanic Eruption Emergency Project in Saint Vincent and the Grenadines. The project is also financed by a US$2 million grant from the European Union’s Caribbean Regional Resilience Building Facility, managed by the World Bank’s Global Facility for Disaster Reduction and Recovery. In April 2021, the […]

Short-Cycle Programs can Help Boost Employment and Economic Recovery in Latin America and the Caribbean

September 29, 2021

WASHINGTON, September 29, 2021 – Short-cycle higher education programs (SPCs), such as technical degrees, tertiary careers and advanced vocational training programs, can be a highly effective tool in times of crisis such as the current COVID-19 pandemic, when millions of people across Latin America and the Caribbean need to acquire the training and skills to urgently join the […]

World Bank Group Mobilizes Over $29 Billion to Support Latin America and the Caribbean Region Respond to Pandemic

August 4, 2021

WASHINGTON, August 3, 2021—In response to COVID-19 severely damaging the lives and livelihoods of millions of people in Latin America and the Caribbean countries, the World Bank Group deployed a record $29.1 billion to that region from the beginning of the crisis (April 1, 2020) through fiscal year 2021 (ending June 30, 2021) to fight the […]

World Bank Approves US$21.9 Million to Fund Geothermal Energy Exploration in Saint Lucia

July 29, 2021

WASHINGTON, July 28, 2021 – The World Bank Board of Executive Directors approved today US$21.9 million for the Renewable Energy Sector Development Project for Saint Lucia. This grant financing will help the Government of Saint Lucia assess the viability of its geothermal resources for power generation and strengthen the business environment for the private sector to pursue clean energy […]

World Bank Commits to Supporting a Resilient Recovery for Jamaica

July 23, 2021

WASHINGTON, July 22, 2021 – The World Bank’s Regional Vice President for Latin America and the Caribbean, Carlos Felipe Jaramillo, completed a three-day visit to Jamaica yesterday. This was his first official visit within the region since being appointed to the post in May last year. Lilia Burunciuc, the recently appointed Country Director for Caribbean […]

World Bank Appoints New Country Director for the Caribbean

July 1, 2021

WASHINGTON, July 1, 2021 – Lilia Burunciuc is the new World Bank Country Director for Caribbean countries, effective July 1, 2021. She will be based in Kingston, Jamaica. Ms. Burunciuc brings a wide range of development experience to her new position. A Moldovan national, she first joined the World Bank in 1996 and has held leadership […]

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 […]

New Grant Approved for Guyana’s Education Sector

June 23, 2021

WASHINGTON, June 23, 2021 – The World Bank approved a US$6.7 million grant from the Global Partnership for Education (GPE) for the Guyana Education Sector Program Project.The project aims to improve learning in nursery schools, increase technology use in primary schools, and improve functionality of the national education management information system. “Guyana’s education sector has made progress […]

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