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Barbados Water Supply Study

July 22, 2010   No. 32/10-BD   CDB TO FUND BARBADOS WATER SUPPLY STUDY   Barbados is to receive a technical assistance loan equivalent to USD1.062 million from the Caribbean Development Bank (CDB) to undertake a Rehabilitation and Upgrade Study of Barbados’ water supply network.   This financing will assist the Barbados Government in meeting the cost of consultancy services to conduct the study.  The objective is to enhance the capacity of the Barbados Water Authority (BWA) to prepare a technically and economically viable programme of capital works that will result in a significantly improved water supply network.   The proposed approach sets out to undertake demand projections; conduct hydraulic analyses to determine storage and network transmission capacity requirements; undertake detailed condition assessments on pumping, chlorination and storage facilities; and prepare a programme of works for upgrading the water network.   Counterpart funding equivalent to USD202,000 will be provided by the Government of Barbados through the BWA.  The BWA will be the executing agency for the project.  

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Natural Disaster, St. Vincent

July 18, 2011 No. 23/11-BD CDB LOAN FOR ST. VINCENT AND THE GRENADINESNATURAL DISASTER MANAGEMENT PROJECT The Caribbean Development Bank (CDB) will provide a loan equivalent to USD12.622 million to the Government of St. Vincent and the Grenadines for a project to reduce the risks associated with landslide and flood hazards. Hurricane Tomas impacted St. Vincent and the Grenadines as a Category 1 hurricane in October last year and the government declared disaster areas in some parts of St. Vincent.  The islands were again impacted by torrential rainfall in April of this year.  CDB responded in the wake of both events by providing a grant and loans for emergency relief supplies, cleaning and clearing of debris, as well as restoring essential services. This latest financing will enable the government to rehabilitate and reconstruct critical infrastructure to better than pre-Tomas conditions, and upgrade and improve the affected emergency shelters to internationally accepted standards.   The project also provides for technical assistance to the Government of St. Vincent and the Grenadines to undertake a hydraulic assessment […]

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St. Lucia Basic Education

December 12, 2008 No. 35/08-BD  BASIC EDUCATION ENHANCEMENT PROJECT IN ST. LUCIA GETS CDB FINANCING Almost 4,000 students currently enrolled in five primary and three secondary schools in St. Lucia, and the 200 teachers who work in these schools will benefit from a project to be financed by the Caribbean Development Bank (CDB). CDB’s Board of Directors has approved a loan equivalent to USD12 million to the Government of St. Lucia, for a Basic Education Enhancement Project.  It involves the rehabilitation and upgrading of the eight target schools, and a quality enhancement component aimed at improving access to quality education in St. Lucia.   Approximately 1,300 teaching staff at the primary and secondary levels will benefit from training geared to enhance competencies in key subjects and non-academic areas such as early childhood screening and diagnosis, multi-grade teaching methods, classroom management, differentiated instruction, student assessment, multi-media teaching methodology and technology in education. This project follows on from an Economic Recovery Project for St. Lucia financed by CDB in 2003, which comprised the rehabilitation and […]

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15th June

 CDB to Host Special Discussion Forum on Development Issues in the Media The Caribbean Development Bank will host its series “A Special CDB Discussion Forum” on the topic “Development Issues Through the Lens of the Media – The Art of Reporting: Getting the Story Right”. This Forum will be held at the Bank’s Conference Centre at its headquarters in Wildey, St.Michael, Barbados, on Wednesday, June 28, 2006, beginning at 9:30 a.m. The featured presentspeaker will be Mr. William Gumede, author and journalist. Mr. Gumede is a columnist at the Sunday Independent newspaper, Johannesburg, South Africa, and teaches at the School of Public and Development Management, University of Witwatersrand, South Africa. Mr. Gumede also teaches at the Institute for Democracy and Diversity, New School University, New York. He was Clive Menell Fellow at the Terry Sanford Institute for Public Policy at Duke University and deputy editor of The Sowetan, South Africa’s largest national daily newspaper. Prior to this Mr. Gumede was senior editor of the Financial Mail, South Africa’s leading finance weekly and […]

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Supreme Court Halls of Justice

May 25, 2009 No. 10/09-BD CDB TO FINANCE EASTERN CARIBBEAN SUPREME COURTHALLS OF JUSTICE FEASIBILITY STUDY  The Government of Grenada is to receive a technical assistance grant equivalent to USD900,000 from the Caribbean Development Bank (CDB) on behalf of the member countries of the Organisation of Eastern Caribbean States (OECS).   These funds are to assist with financing a feasibility study and preparation of concept designs for the construction of new and upgraded court facilities in the OECS member countries.  The Eastern Caribbean Supreme Court is headquartered in St. Lucia, with Registry offices in nine member countries.  This project will be one step towards the achievement of modern physical infrastructure for an integrated Supreme Court and Magistracy. The Halls of Justice facilities are expected to provide housing for the High Court, the Court of Appeal, other specialised divisions of the Supreme Court, the Registries, Law Libraries, Jury Rooms, Magistrates’ Courts, holding cells, administrative offices and private rooms for lawyer/client consultation. Consultants engaged through these grant resources will be expected to undertake feasibility studies, […]

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Workshop for Belize Project

March 4, 2010No. 6/10-G CDB to Host Exit Workshop for Belize Technical and Vocational Education and Training Project A project in Belize conceptualised as a means of addressing the technical and vocational education and training (TVET) deficiencies in the system, and ultimately improving the competitiveness of the Belizean economy, is coming to its conclusion.   The Government of Belize (GOB) signed a loan agreement with the Caribbean Development Bank (CDB) in January 2001, for the enhancement of TVET in the country.  The project addressed both infrastructural and human resource development issues.  Three new Centres for Employment Training (CETs) were established and there was expansion of the two existing centres.  The Centres were also fully equipped. In addition, the project addressed capacity building and institutional strengthening, including curriculum enhancement, certification, and on-going professional development and training, to support the physical expansion.   With the project approaching completion, CDB is conducting an exit workshop to learn more about the effectiveness of the outcomes from the persons involved in the execution of the project, as […]

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Belize Road Project

December 9, 2010 No. 49/10-BD CDB TO PROVIDE LOAN FOR BELIZE ROAD PROJECT              The Caribbean Development Bank (CDB) is to provide the Government of Belize with a loan equivalent to USD24.719 million to assist with financing construction of a bypass road around the twin town of Santa Elena/San Ignacio.  The project will involve the upgrading of 3.2 kilometres of existing road, and construction of 1 km of new road, as well as a 154-metre span bridge.             In addition, CDB is to provide the Government with a grant equivalent to USD249,000 to finance a Road Safety Management Capacity Review, and a Road Assessment Programme.             Santa Elena/San Ignacio is located is located in the Cayo District of Belize.  All traffic on the Western Highway, which is one of the country’s most important highways, currently crosses the Macal River in Santa Elena/San Ignacio on two bridges.   One of these bridges is made of timber, and is impassable during periods of heavy rainfall, and the other is over 50 years old, and is […]

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Haiti Equipment Loan

October 13, 2011 No. 36/11-BD CDB TO FUND OFFICE FURNITURE AND EQUIPMENT FOR HAITI The Caribbean Development Bank (CDB) has approved financing to assist the Government of Haiti in providing office furniture and equipment for three agencies within the Ministry of Public Works, Transport and Communications which were destroyed or severely damaged by the January 2010 earthquake. This furniture is to be installed in prefabricated office accommodation previously funded by CDB.  In May 2010, the CDB Board of Directors approved the use of the equivalent of USD750,000 to provide the prefabricated office accommodation and this was completed in April 2011. Now, the equivalent of USD150,000 will be used to acquire the furniture and equipment, which will enhance the functionality and effectiveness of the offices.  This, in turn, will enable the government to resume normal activities and begin planning for medium and long-term recovery and rehabilitation efforts. 

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Demas Lecture

April 22, 2008No. 7/08 – BG NEWS RELEASE CARICOM PRIVATE SECTOR GROWTH TO BE FOCUS OF 2008 DEMAS LECTURE “Thoughts on Private Sector Growth in CARICOM” is the topic of this year’s William G. Demas Memorial Lecture.  The lecture will be given by Dr. Marshall Hall. Dr. Hall is a former Group Managing Director of Jamaica Producers Group Limited, a position he held from 1979 to 2007.  He continues to serve as a member of the Board.   He is chairman of the Banana Export Co. Ltd., Eastern Banana Estates Ltd., St. Mary Banana Estates Ltd., the Caribbean Banana Exporters Association and a member of the Council of the University of the West Indies.    He was educated at Kingston College; Columbia University and the University of Wisconsin.  Dr. Hall was Instructor and Assistant Professor at the University of Wisconsin; Professor at Washington University;  Visiting Professor, Makerere University, Uganda; and Professor at the University of the West Indies Department of Management Studies. The 2008 Demas Memorial Lecture will take place at 8:00 p.m. on Tuesday, […]

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25th January

 CDB MISSION RETURNS FROM HAITIA high-level delegation from the Caribbean Development Bank (CDB) has just returned from an official visit to Haiti. The mission, led by CDB President, Dr. Compton Bourne, met with representatives of key government ministries, the central bank, the private sector and non-governmental organisations. The itinerary also included courtesy calls on Prime Minister Jacques Edouard Alexis and President René Preval.Dr. Bourne described the mission as “a fact-finding visit” to discover more about the Haitian economy, and one which underscored CDB’s commitment to working more closely with Haiti. He said that “the Bank has been working assiduously over the past two years to bring Haiti into the CDB family. We have been making plans, but without real first-hand knowledge of the situation. From this visit, we will get a sense of where to aim our interventions.” The CDB delegation was in Port-au-Prince from January 10 to 12, 2007. This mission is expected to be followed by a series of exchanges between Haitian technocrats and the staff […]

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