{"id":2140,"date":"2018-10-23T14:18:40","date_gmt":"2018-10-23T18:18:40","guid":{"rendered":"http:\/\/drealfmgrenada.com\/?p=2140"},"modified":"2018-10-23T14:18:40","modified_gmt":"2018-10-23T18:18:40","slug":"caribbean-to-benefit-from-idb-investment-as-barbadian-takes-up-new-post","status":"publish","type":"post","link":"https:\/\/drealfmgrenada.com\/index.php\/2018\/10\/23\/caribbean-to-benefit-from-idb-investment-as-barbadian-takes-up-new-post\/","title":{"rendered":"Caribbean To Benefit From IDB Investment As Barbadian Takes Up New Post"},"content":{"rendered":"

(CMC) \u2013<\/strong>\u00a0IDB Invest, the investment arm of the Inter-American Development Bank (IDB) says it has more than US$300 million for investment opportunities in the Caribbean.<\/p>\n

IDB Invest general manager, James P. Scriven said the financial institution is committed to supporting investments for projects within the Caribbean.<\/p>\n

\u201cWe have over US$300 million that we will loan to various projects in the Caribbean, as we feel the IDB needs to pay more attention and give more financial support to the Caribbean,\u201d he said, at a ceremony hosted by the IDB\u2019s new Executive Director for Caribbean countries, Barbadian-born Ambassador Selwin Hart.<\/p>\n

Scriven said that Jamaica is to receive more than US$50 million in investment projects annually \u201cover a couple of years\u201d and that tourism, infrastructure, transportation, ports, roads, as well as the financial sector, are the areas identified to benefit.<\/p>\n

He said IDB Invest is taking keen interest in Jamaica and its development, noting that the funds being made available will support key growth projects.<\/p>\n

Jamaica\u2019s Ambassador to the United States and Chairman of the CARICOM Caucus of Ambassadors, Audrey P. Marks, welcomed the announcement of IDB funds to be made available for projects in Jamaica.<\/p>\n

\u201cThis latest expanded financial framework from IDB Invest, which will allow projects as small as US$1 million to be included, will help tremendously in improving small and medium-sized enterprise investment in our tourism, infrastructure, transportation and financial sectors,\u201d she said.<\/p>\n

Marks said that as Chairman of the CARICOM Caucus of Ambassadors, she is pleased that IDB Invest is looking to help finance a number of projects throughout the region.<\/p>\n

\u201cA major focus of the CARICOM Caucus of Ambassadors over the next couple of months is to find ways to attract new investments into the Caribbean and with new investors, the partnership with international financial institutions such as IDB Invest, will add credibility and viability to projects. I am, therefore, happy to note this additional over US$300 million for investment projects throughout the Caribbean,\u201d she added.<\/p>\n

Marks congratulated Ambassador Hart, who is from Barbados, on his IDB appointment, and expressed support \u201cin working together to get the job done\u201d.<\/p>\n

Hart, for his part, said the Caribbean office is \u201cstrategically engaging key departments across the IDB Group to identify new opportunities for the region, and are keen to work with management on bringing more Caribbean talent into the Bank, including at senior levels.<\/p>\n

\u201cWe are working on strengthening our internal coordination and collaboration to better project a strong Caribbean identity across the Bank, strengthening existing relationships and building new ones, as well as working closely with the other CARICOM countries that are not formally part of our constituency on the Board but, nevertheless, share the same priorities and interests,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

(CMC) \u2013\u00a0IDB Invest, the investment arm of the Inter-American Development Bank (IDB) says it has more than US$300 million for investment opportunities in the Caribbean. IDB Invest general manager, James P. Scriven said the financial […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":2141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[41],"tags":[],"class_list":{"0":"post-2140","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-regional-news"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?fit=560%2C429&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"rttpg_featured_image_url":{"full":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?fit=560%2C429&ssl=1",560,429,false],"landscape":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png",560,429,false],"portraits":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png",560,429,false],"thumbnail":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?fit=300%2C230&ssl=1",300,230,true],"large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?fit=560%2C429&ssl=1",560,429,true],"1536x1536":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?fit=560%2C429&ssl=1",560,429,true],"2048x2048":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?fit=560%2C429&ssl=1",560,429,true],"mh-magazine-slider":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?resize=560%2C429&ssl=1",560,429,true],"mh-magazine-content":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?resize=560%2C381&ssl=1",560,381,true],"mh-magazine-large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?resize=560%2C429&ssl=1",560,429,true],"mh-magazine-medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?resize=326%2C245&ssl=1",326,245,true],"mh-magazine-small":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2018\/10\/idb.png?resize=80%2C60&ssl=1",80,60,true]},"rttpg_author":{"display_name":"adminrfm","author_link":"https:\/\/drealfmgrenada.com\/index.php\/author\/adminrfm\/"},"rttpg_comment":0,"rttpg_category":"Regional News<\/a>","rttpg_excerpt":"(CMC) \u2013\u00a0IDB Invest, the investment arm of the Inter-American Development Bank (IDB) says it has more than US$300 million for investment opportunities in the Caribbean. IDB Invest general manager, James P. Scriven said the financial [...]","_links":{"self":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/2140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/comments?post=2140"}],"version-history":[{"count":1,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/2140\/revisions"}],"predecessor-version":[{"id":2142,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/2140\/revisions\/2142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media\/2141"}],"wp:attachment":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media?parent=2140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/categories?post=2140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/tags?post=2140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}