Barbados Benefits From World Bank Support

Barbados benefits from World Bank support

Barbados has benefited from the listening ear of the World Bank. That is how Minister of Economic Affairs and Investment, Kay McConney, described a 54 million dollar loan from the international institution. She was speaking during a ceremony at the Hilton Barbados Resort on the topic of Beryl: Recovery and Response Project.

Government secures loan to help post-Beryl recovery - Barbados Today

Barbados is receiving a US$54 million loan from the World Bank to fund the repair of vital infrastructure and safeguard vulnerable communities in the wake of Hurricane Beryl.  The multi-year initiative is being backed by technical assistance from the European Union, and will focus on restoring the fisheries sector, reinforcing coastal zones, and strengthening national disaster response systems. Speaking at the official launch on Wednesday at Hil…