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Jamaica And World Bank Sign US$105 Millions Loans

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WASHINGTON, D.C., Sept. 3 (JIS): Three loans totalling US$105 million were signed by the Government and the World Bank, at its headquarters in Washington, D.C., today (September 3).
Minister of Finance and Planning, Dr. the Hon. Peter Phillips, signed on behalf of Jamaica, while World Bank Country Director for the country, Sophia Sirtaine, signed for the bank.
The loans are in support of three government projects – the Foundation for Competitiveness and Growth, which will receive US$50 million; the Youth Employment in Digital Animation Industry, US$20 million, and the Strategic Public Sector Transformation Project, US$35 million.
“The projects are intended to further the overarching goals of the Government of Jamaica-World Bank Country Strategy for the period 2014 – 2017; to support the government’s investments in key strategic areas, including physical sustainability in youth employment; public sector modernization and to facilitate a more enabling environment for private sector growth,” the Finance Minister said at the signing.
Dr. Phillips added that the loans represent an important cooperation between the Government of Jamaica and the World Bank, and is aimed at advancing the prospects for growth as the country goes through a strenuous economic reform programme that forms part of the agreement with the IMF.
He said the Government will do its utmost best to ensure a smooth implementation of the three projects.
The Minister explained that funds for the Foundation for Competitiveness and Growth project will enhance competition in the business environment, facilitate strategic private investments and support Small and Medium Enterprises (SMEs).
Funds for the Youth Employment in Digital Animation Industry will provide training and coaching for over 200 young Jamaicans, enhance entrepreneurial skills and create 150 start-up companies.
Under the Strategic Public Sector Transformation Project, the funds will be used to strengthen public investment management systems, budget preparation process and property tax compliance administration.
In her remarks, Ms. Sirtaine had high praise for Jamaica regarding the programmes it has implemented to spur economic growth, and for the results it has been reaping since its implementation.
She added that the bank is committed to working with Jamaica in ensuring the success of its various economic programmes.
Dr. Phillips and his delegation are also engaged in a series of discussions with officials at the US Treasury, State Department, the IMF and the Inter-American Development Bank (IDB).
He is accompanied by the Governor of the Bank of Jamaica, Brian Wynter; Director General of the Planning Institute of Jamaica (PIOJ), Colin Bullock; Financial Secretary, Devon Rowe and Ambassador to the United States, His Excellency Stephen Vasciannie.

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Caribbean News

It’s the 10GB of Christmas with Digicel

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#TurksandCaicos, December 1, 2022 – Digicel rewards customers with more this Christmas and all throughout 2023 with 10GB any use data every month.

The holiday season is a time for being thankful, so Digicel has taken on an attitude of gratitude and is thanking customers by rewarding them with more from now until the end of 2023.

Through Digicel’s exclusive Christmas plans, customers will get 10GB of data every month, for all of 2023, when they buy and stay on the plan. This also goes for new customers who have bought a SIM and/or those who take advantage of the Ultimate Christmas Combo to get a brand new discounted Samsung A23 smartphone and Christmas plan.

Customers can look forward to more data; more minutes; more rewards and prizes with Pick & Win in the MyDigicel app; more speed, reliability and coverage on the fastest network; and more savings and discounts on our devices and SIMs.

Addison Stoddard, CEO of Digicel Turks & Caicos said, “We’ve said it before, and we’ll say it again, it’s the Christmas that keeps on giving at Digicel, so we’re offering our customers the gift that keeps on giving when they sign up and stay on any of our Christmas plans; whether it be a 3, 7 or 30 Day Prime Plus Bundle. Every month, new and existing customers who activate a Christmas plan this holiday season will get 10GB any use data, on us, when they remain on the plan all year long. For us, it’s all about continuing to put our customers first, and thanking them for every interaction they have with us.”

Customers can also win more in the MyDigicel app through Pick & Win, the new gamified way to be rewarded for any interaction with Digicel. Whether it’s switching to join the Digicel family, buying a plan, or paying bills in full and on time, customers will get the chance to Pick & Win lots of cool prizes

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Caribbean News

USVI Natural Resources Dept tackles illegal sand mining

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By Shanieka Smith

Staff Writer

 

#USVI, December 1, 2022 – Recent reports of people taking large amounts of sand from beaches illegally have been on the increase in the US Virgin Islands.  The Department of Planning and Natural Resources (DPNR) is urging citizens to refrain from doing this.

The DPNR announced that those found guilty could be charged a fine of $10,000 daily.

While they are unaware of what the illegally mined sand is being used for, the DPNR said it cannot be used for construction.

“In seawater, chloride is present, causing corrosion of steel and iron, which ultimately leads to reducing carrying capacity, so that the structure built using this may not be sustainable,” the DPNR said.

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Bahamas News

Cruise Trippers bought big with Carnival Cruise Line on Cyber Monday

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By Dana Malcolm

Staff Writer

 

December 1, 2022 – Cyber Monday isn’t just for electronics!  Potential vacationers broke a Carnival Cruises Cyber Monday record for bookings, purchasing 50 per cent  more tickets than 2019’s pre-pandemic shopping day.

The cruise line announced the record bookings on Tuesday, November 29th.

The company cited a successful launch campaign of the new Carnival Celebration which visited Grand Turk recently and the three additional ships joining the fleet over the next 18 months, as major ticket pushers.

“The Cyber Monday sale activity showed consumer demand across the fleet, and we were particularly pleased with the booking activity for Carnival Venezia’s new year-round service from New York, and our new extended six-month program for Carnival Magic out of Norfolk,” said Christine Duffy, president of Carnival Cruise Line.

“Our very successful naming ceremony for Carnival Celebration on November 20 and all the media coverage it generated clearly kept Carnival top of mind as vacationers got started on their holiday shopping yesterday.”

They say the pent-up demand for cruising has manifested in multiple ways in 2022, as Carnival was the first major cruise line to have its entire fleet back in operation and it now has more rooms than it was sailing in 2019.

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