Following Hurricane Melissa and at the request of Jamaican Prime Minister Andrew Holness, CAF – Development Bank of Latin America and the Caribbean, the Caribbean Development Bank (CDB), the Inter-American Development Bank (IDB), the International Monetary Fund (IMF), and the World Bank Group (WBG) have jointly assembled a comprehensive package of up to US$6.1 billion over three years to strengthen Jamaica’s recovery and reconstruction … Continue reading Jamaica Secures a Package of US$6.1 Billion Over Three Years in International Support for Recovery and Reconstruction After Hurricane Melissa
Category: World Bank
The Caribbean is at a crucial stage in its pursuit of energy security, economic resilience, and sustainability. Over 85% of electricity generation in many Caribbean nations relies on costly fossil fuel imports, resulting in some of the highest electricity costs globally. Despite the region’s abundant renewable energy resources—solar, wind, geothermal, and hydropower— and new technologies … Continue reading Powering the Caribbean: The Promise of Renewable Energy
U.S. Treasury Secretary Scott Bessent puts it a bit more diplomatically than his boss would, but he is nonetheless clear. In a recent speech to the Institute of International Finance, he said that the U.S. Administration wants to expand its role in the Bretton Woods institutions such as the International Monetary Fund and the World … Continue reading US Treasury Secretary says the IMF and World Bank must end “mission creep” and return to core mandates
April 11, 2025 WASHINGTON, United States (CMC) — Three Caribbean Community (Caricom) countries are to benefit from assistance from the World Bank for disaster risk management projects. The Washington-based financial institution said that the US$70 million Disaster Risk Management Development Policy Financing project will assist St Lucia, Barbados and St Vincent and the Grenadines. According … Continue reading Caribbean countries to benefit from World Bank assistance
The bank’s climate work is occurring as several of the Trump administration’s allies want the U.S. to exit the World Bank entirely. | Andrew Harnik/AP Photo By Sara Schonhardt and Zack Colman 04/20/2025 10:00 AM EDT The World Bank has softened its once-vocal cheerleading for climate action as the Trump administration evaluates its support for … Continue reading World Bank climate message shifts amid Trump era uncertainty
written by Sheria Brathwaite February 19, 2025 The World Bank has delivered a damning verdict on the Caribbean’s education system, labelling it as being in a state of crisis and warning of severe consequences if urgent reforms are not implemented. During a virtual webinar on Monday, senior officials from the international financial institution laid bare the … Continue reading Caribbean education in crisis, World Bank warns
Washington, D.C., February 5, 2025 - The Government of Belize, in partnership with the World Bank and the Government of Canada, announced the launch of a new energy project aimed at strengthening the country’s power supply and improving the reliability of its electricity services. The $58.4 million initiative will also help optimize costs for consumers, and … Continue reading Belize Launches New Energy Project to Enhance Power Reliability and Boost Renewables – financing from World Bank and Canada
The World Bank Group is hosting this virtual event on Wednesday, December 11, 2024 at 10:30 EST. Registration information is below. Join us for the next event in our Ask WB Caribbean series, as we discuss the economic impact of Non-Communicable Diseases on the Caribbean and what immediate and long- term steps can be taken … Continue reading World Bank Group | The Impact of Non-communicable Diseases in the Caribbean
Join the World Bank panel to explore a critical question: What does it take for a country to transition from middle- to high-income status? Don’t miss the #Caribbean launch of the 2024 World Development Report for key insights and strategies. JOIN EVENT: http://wrld.bg/o5JX50TM1Rw Drawing on the development experience and advances in economic analysis since the … Continue reading World Bank panel: the Caribbean and the Middle Income Trap
By Sir Ronald Sanders On Tuesday, October 8, I went to a meeting at the World Bank and listened with growing disappointment to a presentation on “Taxing Wealth for Equity and Growth,” supposedly focused on Latin America and the Caribbean region. I was less disappointed about the lack of any attention on the Caribbean and the focus … Continue reading Overlooked: World Bank’s Report on equity and growth ignores Caribbean Realities