The World Bank Board of Executive Directors approved US$16.4 million in additional financing for Dominica to support ongoing projects in the areas of agriculture and infrastructure for climate resilience and economic recovery from COVID-19 impacts.
“Agricultural livelihoods, food security, and resilience to climate-related shocks are key priorities for Dominica. This financing will support Dominica’s efforts in these areas, including providing local employment opportunities in the construction and agriculture sectors during this challenging COVID-19 period,” said Tahseen Sayed, World Bank Country Director for the Caribbean.
The additional financing approved includes US$12.8 million for the Disaster Vulnerability Reduction Project, which aims to reduce Dominica’s vulnerability to natural hazards and climate change impacts. The funding will be used to rehabilitate and upgrade an important section of the East Coast Road to resilient standards. Additional financing of US$3.6 million was also approved for the Dominica Emergency Agricultural Livelihoods and Climate Resilience Project, which aims to restore the livelihoods of farmers and fisherfolk affected by Hurricane Maria. Additional financing for this project replenishes funds that were redirected to support the country’s emergency response to COVID-19 using a Contingency Emergency Response Component (CERC).
Dominica receives interest-free financing from the International Development Association (IDA), with a maturity of 40 years, including a grace period of 10 years.
None of those UWP JACKA can answer that question.Why is the INTERNATIONAL COMMUNITY ,continuing to give Skerrit money?UWP braying night and day,these people should get work to do.This country is LABOUR country,built by LABOURITES after Maria,while these BAS were talking about CRIMES AGAINST HUMANITY.
My people, please be advised. From what I’m reading and the obvious comments above we can conclude that Skerrit has no knowledge of development, let alone socio-economic development process. Skerrit is a blind politician who lacks the concept discipline and protocol of what is Professionally needed in a mature way the concept of what development is. This failed comical Odd Minister called Skerrit is a liability to we the people of Dominica. Skerrit is a failure and has no knowledge of development and how it must be applied. No wonder our agriculture and economy is need while our farmers and families are suffering. We hear little of the abusive corrupted Passport scam and the Red Clinic Bobol. This Labour government is abusive, deceptive as there are no real consistent employment for our people. Skerrit has crippled our Dominica and reduced our people to begging and his so called blind supporters ho with it. Skerrit must kicked out of our government and allow trusted people to run DA.
So wait wait, what about the $64 mil announced earlier for agriculture, is anyone keeping tabs on this? Sounds like a runaway vehicle heading for the cliffs. All this money thrown at agriculture and we’re still at the mercy of Haitians to provide us with food? Where’s Gaston Brown? At this rate Antigua may have to rescue Dominica with agricultural produce.
Skerrit is the Minister and overseer of the finance.
Soon all these monies are going to get wings and fly…..
Dominicans can’t trust that rat …
World bank keeps giving money and I don’t see what’s happening. First the government needs to fix the farm roads. On my last visit to Dominica I couldn’t believe who in their right mind would go and invest into farming when there’s no way to take your produce of your farm. That’s our only hope right now is agriculture. Coronavirus has cripple almost everything. It’s gonna take years to recover. So to mr. Prime minister use your head.
That’s money for Skerrit and his Montreal management team to run their affairs
when will we get serious about agriculture and agro processing? Agro processing is where the real money is. Go online and look at the prices people pay for essential oils, gluten free flours like toloma and cassava, Chocolate dried fruits to name a few. Our min of agriculture operates in a silo and is only concered about selling raw produce. Why doesnt the ministry of trade, ministry of commerce, ministry of finance and ministry of agriculture discuss assigning a certain acreage to develop CASH CROPS alongside certified processing facilties to ensure that our crops get higher value as they can be converted into finished products and by products. Om tired of seeing millions going down the drain to go back to square one again. every 2 or 3 years is the same thing. Will we ever learn to actually be independent and sustainable. So much crown land unused whether flat or sloping there are crops ideal for any terrain that we can work with. Creatures of habit we are. we dont even modernize.
It didn’t ‘provide’, it ‘loaned’. More debt.
Cant wait to see how that money get’s rerouted to some other project that never gets finished.