first_imgFirst-Time Financing by World Bank for Digital Economy in Eastern Caribbean Approved for US$94M(Organisation of Eastern Caribbean States Press Release, Tuesday, June 23, 2020) — WASHINGTON — The World Bank Board of Executive Directors approved yesterday the regional Caribbean Digital Transformation Project for a total of US$94 million for four Eastern Caribbean countries: Dominica (US$28 million), Grenada (US$8 million), Saint Lucia (US$20 million), Saint Vincent and the…June 23, 2020In “Business”CDB seminars to focus on resilience, air transport, blue economyBRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) will bring together government officials, experts and thought leaders for three interactive seminars during the 48th Annual Meeting of its Board of Governors in Grenada. Discussants will address three topics: building resilient cities; the blue economy; and regional air transport during the…May 27, 2018In “CARICOM”Naomi Allard gets her prizeNaomi Allard gets her prizeMay 31, 2018Similar postShare this on WhatsApp Read more at: Organisation of Eastern Caribbean States Press RoomShare this:PrintTwitterFacebookLinkedInLike this:Like Loading… “This series of three projects aims to increase the safety and the overall resilience of key connection points in the Eastern Caribbean,” said Tahseen Sayed, World Bank Country Director for the Caribbean. “The World Bank’s first financing of airport projects in the Caribbean will also facilitate connectivity and support countries during the COVID-19 recovery phase.”    (Media Release Courtesy The World Bank, Washington, 28 May, 2020) — The World Bank’s Board of Executive Directors approved a series of Caribbean Regional Air Transport Connectivity Projects in four countries for a total of US$159 million, to enhance regional connectivity by improving the safety of air transport and the resilience of the airport infrastructure to natural disasters.center_img Airports can become a catalyst to regenerate economic activity as the small Caribbean island states begin to reopen. Read my op-ed here:— Tahseen Sayed (@tahseensayed) May 29, 2020 These projects include International Development Association (IDA) financing of US$13 million for Dominica, US$17 million for Grenada, US$84 million for Haiti, and US$45 million for Saint Lucia. These countries are reliant on the air transport sector and face common connectivity issues. The projects will enable countries to better accommodate diverted flights, emergency landings, and post-disaster relief flights, and improve regional capacity and collaboration in the sector.last_img

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