The Government of Dominica will receive a loan assistance of $750,000 US dollars from the Caribbean Development Bank for the clearing and cleaning of areas affected by flooding in April this year.
The flooding was caused by torrential rainfall associated with the passage of a trough system.
The immediate response loan approved by CDB’s Board of Directors, at their meeting on July 18, will also allow for the emergency restoration of services following damage caused by the rains and the flood.
Between April 17 and April 25, 2013, a trough system dumped approximately 31.7 inches of rain on Dominica with the east and south-eastern districts being the most adversely affected.
The torrential rain caused landslides and rock-falls and also flash flooding which caused significant infrastructural damage. A 25 metre span of the main road in an area known as William Estate, was washed away, resulting in the death of two of Dominica’s national footballers who were travelling in the same vehicle along that road.
The loan will not only pay for the clearing of debris from roads and drains but also for work to stabilize embankments, improve management of drainage discharge and build resilience within critical sections of Dominica’s road network.
dominica can beg
they need to make a play like that, since the next generation will be chinese because we culdnt pay back loans lol.
this country is open for the taking, im now accepting offers.
Are we aware of all the debt that Dominica is in? Lets just think of the most recent and popular loans like the 27 million for the state palace, the 18 million just last week for a new hospital and now US$750,000 to clean up after floods… Who decides on the priority projects? I love my country but I am so afraid for it’s future. Will my children have to pay for a palace that we did not need or a road project over 7 years in progress that always seems to need more funding? Who manages these funds? People we need to think of our future in Dominica. We need to be more self sufficient and rely less on loans. Dominica has a lot of potential. Agriculture is key for us since we have been blessed with this beautiful terrain. We can export cocoa, make coffee and package fruits. import less! we have a lot of resources. why import grated cheese if we can produce it here and sell it to these supermarkets (just one example) We have an ecological paradise. We need to market our country as the most diverse in the world. the only place with a number mountains, 365 rivers, incredible waterfalls, black and white sand, a boiling lake and the views… so pristine! So much potential!!! I can’t wait to finish this degree…. I’m gonna make a change, who’s with me?
Sometimes I really wonder if their is a country in the Caribbean, which have received more loanes then Dominica in the last thirteen years.
loans not loanes
Every time I turn around Dominica is getting money! but why is it so ‘still’ blasted poor? something is very fishy.
Thanks to Internet and computer we read and know everything. Prior to these we knew nothing. We were kept in the dark. Hope all the money goes to good use.
Things are not looking to good for D/ca, its scary to think of, when I wanted to retire backhome
It is shameful that our government has to take a loan of less than 1 million dollars. Our economy definitely has to be in the toilet to take a loan of such a smaller amount. You mean we don’t have the funds in the treasury? But then how can we have that money in the Treasury when manufacturing is dead and agriculture is dead and tourism is struggling. The only thing that seems to be quite active is students going to study. after 4 years of gwayay they then have to return to employment and underemployment. I am really happy that CDB is borrowing us this money to clean up but it breaks my heart to know that after years of storm and disaster damage we are yet to come up with strategies and our own means to be self sufficient. Our government need to be proactive man. We can’t just face a bank or beg a country every time we have a need. If I had a grown child that acted like our government I would definitely feel like a failed parent.
Loan loan n more loan!…We need to get Skerrit out my God this man will kill us with all this loans! Why can’t he get a loan to build a modern cruise ship facility, which can cater to 4 plus ships & some Yachts. In tht case ppl gettin work, vendors, Taxi, Even Gov’t. With tht revenue we can end up paying the loan back n not tax ppl…
D/cans can’t yall see Skerrit want to leave us in poverty. 21st Century ppl, 13 yrs & counting is enuff, time for Labour to GO!!!
loan????? u mean to tell me he couldn’t ask the Chinese for that measly sum…..i bet u he woulda get it….poor tax payers.
LOAN, LOAN, LOAN. When are we going to make some money to run our business. How lone can we live on loans. When payback time comes I want to knoe what will happen.
Well let’s hope this money does not end up in the black hole…I mean consolidated fund at Treasury where the money will get used for purposes it wasn’t meant for…
$750,000 US dollars from the CDB for the clearing and cleaning of areas affected by flooding in April this year… Not forgetting more money for LIAT from a US 65 MILLION dollar LOAN approved by CDB for the 4 shareholders (Dominica, Antigua, Barbados and St. Vincent). Dont know if that works out to be an iqual distribution of the loan which would be somehere in the region of US 16.25 MILLION dollars per country… The national debt still under 1.0 Billion!!!
the leading party name is change to LOAN GOVERNMENT
That is our main industry. Loan and Diplomatic gifts.
I dont trust this administration,I believe they keeping all the vat money so if they loses election they will wipe out the treasury and leave a huge debt for the new administration,Dominica should change that policy to allow our prime minister be minister of finance.
CDB I am writting to you so that the check will be delivered in the Treasury and not to an individual account.
Da have enough gabage bins already.
Of course, it is important that we effect the necessary emergency repairs. However, this apparent lack of our own contingency fund is very worrying and the Govt’s cash flow situation must be dire if we can not finance such a relatively small amount from our own resources but see a need to borrow it. Is the situation really that desperate?
I dont understand why most project in loans or grant,we the people in Dominica want to know where the vat revenue being spent,we have more revenues than before because sense this adminitration introduce vat much havent done most projects in Dominica loans or grant from foreign countries.
so true
Borrow here and borrow there will not solve our massive debt problems. Also big government to include cronyism and nepotism are sucking the blood of the Dominica’s taxpayers.
Case in point, $14,000.00 salary for spreading propaganda, lies and deception in order to maintain the status quo is a classic example of a desperate administration effort to stay in office.
WAKE-UP MY PEOPLE, WAKE-UP! How long are you going to support this nonsense?
$14,000 X 12 months = $168,000 annual salary For what?
DCP paid it Communication (PRO) 16,000 monthly in the 90s as a private company, why cant a person who is Ambassador to Alba and Venezuela gets 14k that is peanut money for the responsibilities that position carries!!!!
Stop listening to those desperate for power rumours and propaganda, no one gets paid as DLP PRO so stop typing sheet because you hear it, do your own research, and stop turning everything into politics.
All Governments borrow for capital projects we should be happy our government can borrow, there are countries who are under austerity because they can no longer borrow!!! Just look at Detroit, an American state that just filed bankruptcy!!!!!
I urge you Lougaoo to support the geothermal project so we will have all our own money for these type of projects, everything this government do you all oppose yet you want more… it is amazing!!!!!!
750,000 us = 2,010,000 that plus the existing 800,000 debt (rounding off) equals to 2,810,000 so our debt is now in the millions hope Dominicans realize this and vote labour out … change is not an option its a must
So every little thing that happen the government needs to take a loan to fix it . Where is the country own money, where is the productivity within our own country that we cant do it our self. Guess there is none . What a pathetic government they killed agriculture and production now our country has to keep borrowing money for everything
All the VAT and other tax monies going to pay extra ministers and advisors so no money to fix things when they break…..and break they will…look at the Antrim road…just now they going to get a loan some where to fix it.
I think you will find that a large proportion of our fiscal revenue goes towards servicing existing debt. Its like pay cheque loans, you never finish paying your lenders and you are always broke before the month is up.