CDB loans and grants to Dominica total $211-m

Caribbean Development Bank (CDB) loans and grants to Dominica to date since 1970 when the bank was established total $211-million, according to CDB President Warren Smith.

He told a news conference on Monday afternoon that $111-million of those funds came from the bank’s Special Development Fund (SDF).

The Caribbean bank is holding meetings in Dominica this week as part of efforts to negotiate with its contributors, the replenishing of the SDF.

The CDB president says Dominica has fared well in its relationship with the bank.

He said that for every dollar Dominica has put into the regional development bank over the past 42 years, it has received “$36  in return”.

Bank officials say from 1970 to date the CDB has made a total of $3.8 billion to 17 of its 18 Caribbean borrowing countries.

The CDB has 26 member countries who are shareholders in the financial institution, with Jamaica and Trinidad and Tobago being the largest shareholders.

According to Smith, the Caribbean countries together hold 51 per cent shares in the CDB.

Disclaimer: The comments on this page do not necessarily reflect the views of DominicaNewsOnline.com/Duravision Inc. All comments are approved by DominicaNewsOnline.com before they are posted. We never censor based on political or ideological points of view, but we do try to maintain a sensible balance between free speech and responsible moderating.

We will delete comments that:

  • violate or infringe the rights of any person, are defamatory or harassing or include personal attacks
  • a reasonable person would consider abusive or profane
  • contain material which violates or encourages others to violate any applicable law
  • promote hatred of any kind
  • refer to people arrested or charged with a crime as though they had been found guilty
  • contain links to "chain letters", pornographic or obscene movies or graphic images
  • are excessively long and off-topic

See our full comment/user policy/agreement.

10 Comments

  1. Realist
    March 6, 2012

    It would have been rather interesting if a detailed disbursement over the years could have been included in a tabular or graphical form so that the readers could appreciated how our various governments over time have been able to tap into this resource.
    Other factors such as interest rate. Loan to grant ratio and a few major projects performed facilitated under this arrangement would also have sufficed.

  2. Graduado
    March 5, 2012

    SHOWS THE RELEVANCE OF CDB FOR SURE,WE NEED TOM STRENGHEN OUR REGIONAL INSTITUTIONS ALWAYS

  3. new york
    March 5, 2012

    papa when u done the IMF and ECB own us

    • dude
      March 6, 2012

      newyork but u are a sack sot man,how d bankis goin to own us?

  4. Hilary
    March 5, 2012

    …so, WHO GOT IT? There is more story there…give it to us…

    • Peeping Tom
      March 5, 2012

      I guess you are going to ask a certain “journalist” and a certain talk show host to investigate? Yes, do that.

    • So I see it
      March 6, 2012

      What is the matter with you?

    • T. Winston
      March 6, 2012

      @Hilary
      It’s from 1970 to now. That’s over four decades so do the maths. It’s less than 6 million a year and this is usually utilized for projects. the question I personally would like answered is how much do we still owe and what’s our repayment schedule like.

      • Hilary
        March 6, 2012

        Many thanks for that clarification. Still…don’t tell me there is no graft…

      • dude
        March 6, 2012

        understand ban sot,for every dollar d.a put in, it has received 36 and they are current with their payments.so d problem is not how much they owing but what P.J. O.J.Miss Charles,Rosie and the others did with it. So stop talkin pawall sot in my head

Post a Comment

Your email address will not be published.

:) :-D :wink: :( 8-O :lol: :-| :cry: 8) :-? :-P :-x :?: :oops: :twisted: :mrgreen: more »

 characters available