Caribbean Development Bank


The 'Grexit' Issue and the Problem of Free Trade

By George Friedman The Greek crisis is moving toward a climax. The issue is actually quite simple. The Greek government owes a great deal of money to European institutions and the International Monetary Fund. It has accumulated this debt over time, but it has become increasingly difficult for Greece to meet its payments. If Greece doesn’t meet these payments, the IMF and European institutions have said they will not extend any more loans to Greece. Greece must make a calculation. If it pays the loans on time and receives additional funding, will it be better off than not paying the […]


Belize Electricity System Upgrade Launched

The Caribbean Development Bank (CDB) remains committed to assisting the Government of Belize in achieving its development objectives including those in the electricity sector. This message was conveyed to staff of the Belize Electricity Limited (BEL) at a workshop held from September 3 to 5, to officially launch the project to upgrade and expand the electricity system. This project is being funded by a loan of USD11.231mn. This upgrade and expansion will be the sixth intervention by CDB in the electricity sector in Belize but the first for all of the staff members of BEL involved in its implementation. The […]


Belize Gets $10.5 Million Loan For Small Business Development

Belize has received a $10.5 million loan from the Caribbean Development Bank for small business development, the bank announced last week. The loan is to the country’s Development Finance Corporation, which works to improve home ownership, human development and the development of micro, small and medium-sized businesses. “MSMEs are fundamental to the economic landscape of Belize and are estimated to account for a significant share of economic activity and employment generation,” the CDB said in a statement. “However, they are usually faced with a number of challenges including limited access to, and the cost of financing.” The bank said the […]


How EU and US Economic Policies spell bitter end for Caribbean Sugar

This article was originally posted by the Council on Hemispheric Affairs on June 24, 2005. We thought you may be interested in reading it. Notice how the Caribbean nations have been affected by this and add it in to what we’ve been saying all along that things are all part of a larger goal. CALLOUSNESS REDEFINED: HOW EU AND U.S. ECONOMIC POLICIES SPELL A BITTER END FOR THE CARIBBEAN’S SUGAR INDUSTRY Yesterday, the European Union’s (EU) agriculture commissioner, Mariann Fischer Boel, revealed the specific provisions of the plan originally proposed last July to cut the preferential price the EU pays […]