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Caribbean News - Issue # 7 - Feb./Mar. 2007

Caribbean News
Feb./Mar. 2007 – Number 7   A bimonthly newsletter for the Caribbean Region

1. Regional Developments by Caroline Anstey, World Bank Director for the Caribbean
2. Donors pledge for Caribbean Catastrophe Risk Insurance Facility (CCRIF)
3. Report: "Global Economic Prospects 2007: Managing the Next Wave of Globalization"

4. Caribbean Parliamentarians meet with International Financial Institutions
5. Programa Nacional de Fortificación alimenticia para la República Dominicana
6. Dominica: US$ 1.45 million to support growth and social protection
7. US$ 9 million for Haiti and US$ 14.2 million for Dominica, Grenada, St. Lucia, and St. Vincent and the Grenadines to participate in regional catastrophe insurance facility  

1.  Haiti donor's technical meeting and preparations for a CARICOM Conference; regional developments raised by Caroline Anstey, World Bank Country Director for the Caribbean   Read

2.  As the first-ever multi-country catastrophe insurance pool, CCRIF will provide participating governments from the Caribbean region with immediate liquidity if hit by a hurricane or earthquake.  By pooling their risks together, participant countries will save approximately 40% over individual premium payments  More  (additional information)  

3.  Growth in developing countries economies accelerated in 2006, bolstered by low interest rates. The expansion is projected to slow but remain strong, although downside risks predominate, according to a new World Bank report.  Read 

4.  Globalization, Integration and Governance: The Role of Caribbean Parliamentarians was the focus of a two day Conference between Parliamentarians from the English-speaking Caribbean and officials of the Inter-American Development Bank (IDB), the International Monetary Fund (IMF) and the World Bank  More (agenda)    

5.   La Alianza Global para el Mejoramiento de la Nutrición (conocida como GAIN por sus siglas en inglés) donó $ 1.88 millones de dólares de los Estados Unidos para desarrollar un programa cuya meta es reducir drásticamente las deficiencias en las tasas de hierro y vitamina A en mujeres y niños dominicanos  Más 

6.    This credit will support the Government of Dominica's program to reinforce the institutional capacity of key public agencies in delivering goods and services, bolster social protection, and increase private sector competitiveness  More

7.     On average, one major hurricane affects a country in the Caribbean every two years. With small economies and high debt levels, countries often depend on donors to finance post-disaster needs, but donor resources often take time to materialize.  The US$ 9 million grant and US$ 14.2 million zero-interest credit will support Haiti and OECS beneficiary countries to participate in the Caribbean Catastrophe Risk Insurance Facility (CCRIF)  More (en français)

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