Caribbean Press Releases - recent news & press releases - Articles - World Bank

Inter-American Development Bank/World Bank Statement on Extended Fund Facility with Jamaica

Tue, 09 Apr 2013 07:30:00 CDT

April 9, 2013 - Pending approval by their respective Boards of Directors, the World Bank and the IDB have each preliminarily allocated US$510 million in financing over the next four years. This supplements the support provided by the IMF.

World Bank: Latin America & the Caribbean Region Economic Report

Thu, 17 Jan 2013 07:30:00 CST

Jan. 17, 2013 - Economic growth in Latin America and the Caribbean region slowed sharply in 2012, making the region the second slowest performer, after developing Europe and Central Asia, amongst all developing regions of the world. A weak external environment and a contraction in domestic demand were largely responsible for a tepid regional GDP growth estimated at 3 percent in 2012 (4.3 percent in 2011).

Developing countries to receive over $400 billion in remittances in 2012, says World Bank report

Thu, 22 Nov 2012 12:00:00 CST

Washington -- Nov. 22, 2012 – Remittance flows to the developing world are expected to exceed earlier estimates and total $406 billion this year, an increase of 6.5 percent over the previous year, according to a new World Bank brief on global migration and remittances.

Central America/Caribbean Can Reduce their Oil Dependency, Says WB Report

Thu, 26 Jul 2012 10:00:00 CDT

Washington - July 26, 2012 - Central American and Caribbean countries can reduce their oil dependency and shield themselves from high oil prices through a combination of renewable energy, energy efficiency programs and regional energy integration, says a new World Bank report.

Caribbean Region: 27 Million Citizens Will Benefit From Improved Communications Infrastructure

Wed, 23 May 2012 09:00:00 CDT

Washington - May 23, 2012 -- Today, the World Bank Board of Directors approved a US$25 million financial package to support the first phase of the Caribbean Regional Communications Infrastructure Program. The program will provide 27 million people with access to better and affordable broadband services.

IFC’s First Investment in Suriname Expands Trade Finance Opportunities for De Surinaamsche Bank

Sun, 15 Apr 2012 07:00:00 CDT

Paramaribo, Suriname, April 15, 2012 - IFC, a member of the World Bank Group, on April 12 signed its first project in the Republic of Suriname, helping De Surinaamsche Bank finance international trade and promote local economic development.

Latin America and the Caribbean: Five Million Will Benefit From Early Childhood Initiative: An Investment For Life

Wed, 29 Feb 2012 09:00:00 CST

Washington: February 28, 2012 – Five million mothers, and children ages 0 to 6, are benefiting from World Bank (WB) programs developed throughout the Latin American region, under the Early Childhood Initiative: An investment for Life, the multilateral bank announced today.

World Bank and Google Announce Map Maker Collaboration (Caribbean Countries Included)

Mon, 16 Jan 2012 11:00:00 CST

Washington, January 16, 2012 – Today, the World Bank and Google announced an agreement aimed at improving the ability of developing countries to access a web-based community mapping tool and data to help better monitor public services, and improve disaster and humanitarian response efforts. Most developing countries do not have basic local data about where schools, hospitals, or water points are located, and the data they do have is often out of date or incorrect. One way to collect this information is to ask citizens directly, and crowdsource the locations of public infrastructure.

Suriname Renews Partnership with World Bank

Tue, 08 Nov 2011 07:30:00 CST

WASHINGTON, November 8, 2011 — Françoise Clottes, World Bank Director for the Caribbean, Giorgio Valentini, World Bank Country Representative for Suriname, and Kirk Ifill, Representative of the International Finance Corporation (IFC), the private sector arm of the World Bank Group, will begin today a three-day visit to Suriname to renew the Bank’s commitment to the country’s development efforts.

Jamaica: World Bank Support to Improve Public Spending, Tax System

Fri, 09 Sep 2011 05:00:00 CDT

Washington-- Sept. 9, 2011—The World Bank Board of Directors approved yesterday a US$100 million loan for Jamaica to support the government's reform program to enhance fiscal and debt sustainability.