After more than 15 years of broken promises and false starts, the future of the long-delayed West End ferry terminal has been thrown into serious doubt once again after private-sector …
February 20, 2025
July 21, 2023
British territories meet with Caribbean Development Bank
In the wake of Hurricane Irma, the Virgin Islands discovered that its relatively high per-capita gross domestic product made it ineligible for certain forms of development assistance and concessionary financing …
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February 21, 2022
CDB: Service economies to grow 4.8% in 2022
The Caribbean Development Bank is projecting gross domestic product growth of 9.1 percent across its 19 borrowing member countries in 2022, accelerating the regional economic recovery that started last year. …
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February 14, 2022
CDB: Paraquita grid could be regional model
A planned solar P/V microgrid project in Paraquita Bay could serve as a model for similar renewable energy products throughout the Caribbean, according to Daniel Best, the Caribbean Development Bank’s …
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March 18, 2021
CDB: VI sees major GDP decline
The Virgin Islands experienced the fourth-highest decline in gross domestic product of the Caribbean Development Bank’s 19 borrowing member countries in 2020, according to the CDB’s Regional Report: 2020 Review …
February 21, 2019
Caribbean Development Bank looks ahead
The Caribbean Development Bank projected two percent overall economic growth across its 19 regional borrowing member countries this year, as well as 2.2 percent growth specifically in the Virgin Islands, …
October 29, 2018
Walwyn’s ESHS wall project broke the law, audit states
The Ministry of Education and Culture, led by Minister Myron Walwyn, broke the law when constructing the incomplete perimeter wall around Elmore Stoutt High School in 2014 and 2015, overspending …
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October 26, 2018
Caribbean Development Bank hosts procurement workshop
The Caribbean Development Bank held procurement workshops in the Virgin Islands and throughout the Caribbean in September and October to help ensure that governments get good value for money. The …
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July 20, 2018
Former Fiji public servant to head Recovery and Development Agency
Cabinet has approved the hiring of New Zealand native Paul Bayly as the Recovery and Development Agency’s new chief executive officer. As head of the RDA, Mr. Bayly will be …
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June 6, 2018
Penn hopes to finish recovery plan this month
The Disaster Recovery Coordination Committee hopes to finalise and submit the territory’s recovery plan to Premier Dr. Orlando Smith by the end of June, according to DRCC Chairman Brodrick Penn. …
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April 11, 2018
CDB $65.2m loan project launches
Douglas Fraser had just begun explaining the nuts and bolts of contract tendering: who is eligible, what constitutes a conflict of interest, what sets of rules dictate the selection process, …
