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Jamaica to benefit from US $7.52 million grand funding

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#Jamaica, October 18, 2017 – Kingston – Jamaica is set to benefit from an initial US$7.52 million in grant funding under the ninth cycle of the Caribbean Development Bank’s (CDB) Basic Needs Trust Fund (BNTF 9).   The money will go towards the areas of education, transportation, enterprise development, and water and sanitation, through projects implemented by the Jamaica Social Investment Fund (JSIF).

The allocation is part of a provision of US$40.8 million being made available to nine Caribbean borrowing member countries of the CDB, under the BNTF.   The BNTF is the flagship poverty-reduction programme of the CDB, aimed at contributing to improvement in the living conditions of poor and vulnerable communities in participating countries.

Speaking at the official launch of the project today (October 17) at the Courtyard Marriott hotel in New Kingston, Minister of Finance and the Public Service, Hon. Audley Shaw, said the initiative will assist in empowering the lives of beneficiaries.

“We are quick to get these funds in the hands of the JSIF, because we know that when it comes to the JSIF, we get every bang for the buck; we get good performance.   They have projects done on time (and) within budget, and we are really proud of the JSIF as one of the outstanding public-sector agencies in Jamaica,” he said.

The Minister lauded the CDB for implementing the programme, adding that poverty reduction is a crucial component for economic growth and development.   He said the BNTF will assist in improving the lives of the country’s most vulnerable, particularly in the areas of education and human development.

Meanwhile, Director, Projects Department, CDB, Daniel Best, informed that Jamaica is also eligible to benefit from an unallocated incentive amount of US$5.2 million, to be distributed at midterm based on project performance.

“These funds are to be carefully targeted through an evidence-based country policy framework or action plan, which responds to poverty, particularly in rural areas,” he said.

Mr. Best noted that through the BNTF, the CDB supports governments in their poverty-reduction efforts by promoting socio-economic activities, environmental protection and sustainable development.

“Over the years, BNTF has formed specific partnerships, mainly with public works, water sector, and national training institutions. Under BNTF 9, however, we are committed to leveraging additional resources beyond our traditional funding sources to accelerate progress on poverty reduction,” he said.

Managing Director, JSIF, Omar Sweeney, said BNTF 9 will continue to build on programmes that support education, transportation, road access, drainage and water supply.

“We will also introduce a component for enterprise development, and that will focus on agriculture and tourism, and developing new technology for persons in the rural areas to really have a sustainable livelihood,” he said.

The ninth cycle of the BNTF will continue to finance sub-project interventions in core priority sectors of water and sanitation, basic community access and drainage, and education and human resource development, including livelihoods.    Encouraging greater private-sector partnership has been built into the programme design to leverage additional resources for reducing poverty.

The core purpose of the project will be to facilitate the development of rural communities through increased access to basic services, thereby advancing Jamaica’s thrust towards full rural development.   The project is to be completed by December 31, 2020.

The BNTF is one of the longest-running regional poverty-reduction programmes in the Caribbean, and stands out in the global development arena for its community-driven approach tailored for the Caribbean context.

Release: JIS

 

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TCI Sport delegation visits the Cayman Islands and Barbados with key sport leaders

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TCI Sports Commission delegation traveled to the Cayman Islands and Barbados to visit with key Sport leaders. The TCI delegation included the Sports Commission Director, Mr. Jarrett Forbes, Deputy Director, Mr. Alvin Parker, and Facility Manager for Providenciales, Mr. Darian Forbes. The aim of the travel was to visit major facilities, with priorities being pool facilities, and discuss sport development strategies.

The team had the pleasure of being hosted by the Deputy Chief Officer for Sport, Dr. Dalton Walter, and the Director of Sports, Mr. Kurt Hyde in the Cayman Islands; who facilitated the facility tours and shared valuable information on Sports Development. Meetings were held with Deputy Chief Officer Ms. Joan West and Technical Director for the Cayman Islands Aquatics Sport Association, Mr. Jacky Pellerin, on the Cayman Islands’ new 50-meter and 25 meter 10 lanes Mrytha pool facility, as well as with Ms. Shakeina Bush from the National Olympic Office on National Federation development and funding opportunities. The Sports Commission delegation was also grateful for the courtesy call with the Minister of Sport for the Cayman Islands, Hon. Isaac Rankine, and the Chief Officer Ms. Teresa Echenique.

During the Barbados leg of the exploratory travel, the Sports Commission team was hosted by the Director of the National Sports Council, Mr. Neil Murrell, and the Assistant Director of Sports, Mr. Ryan Toppin. The TCI team toured the National Sport Council facilities and visited the Barbados National Olympic Association. Significant to the TCI’s plan to develop an aquatic center, the TCI Sports Commission visited the Barbados Aquatic Sport Association and met with former National Olympic Academy Director, Mr. Dave Farmer, and the President and Second Vice President of the Barbados Swim Association, Mr. Robert Armstrong and Mr. Nicholas Mathis. Insights were shared regarding swimming pool design, development and maintenance as well as pool programming strategies to ensure the growth and sustainability of swimming in the islands.

The TCI delegation also visited other stadium facilities such as Track and Field, Football and Cricket, and other major facilities in Basketball and Boxing. The TCI Sport Commission officials had great discussions with both the Cayman Islands and Barbados sports officials surrounding the development of coaches, athlete development pathways, and strengthening relationships with National Sport Governing Bodies.

Director of Sports, Mr. Jarrett Forbes, said, “We were very grateful for the hospitality and support extended by our Caribbean colleagues. Their support affirmed the commitment and unity among the Caribbean community to develop sports in the region.”

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SIDS drowning in debt as sea levels rise

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Garfield Ekon

Staff Writer

 

June 7, 2024 – United Nations (UN) Secretary General, His Excellency Antonio Guterres has said that international financing is the “fuel for sustainable development” but small island States are running low on the funding.

Addressing  day two of the Fourth International Conference on Small Island Developing States (SIDS24), in Caribbean twin island nation of Antigua and Barbuda, the Secretary General said while financing is low, the countries are drowning in debt and rising sea levs due to Climate Change.

“You are leading by example, but too often you are facing closed doors, from institutions and, adding that the COVID-19 pandemic and other global happenings have negatively impacted vulnerable economies, and “battered by a Climate catastrophe they did not create”, he told the gathering.

The SIDS countries are paying more to service their own debt than they invest in healthcare and education, the UN chief warned, leaving the nations unable to make the investments they need to meet the 2030 Sustainable Development Goals (SDGs).

Many of the States are classified as middle-income, shutting them out of the debt support reserved for the poorest nations, the UN Chief argued that vital actions are needed from international financial institutions, in addition to an immediate SDG stimulus for the SIDS nations.

He outlined that the debt burden should be relieved, by providing access to effective relief mechanisms, including pauses in payments during times of economic volatility, while also transforming lending practices by changing the rules on concessional finance to lower borrowing costs. “You cannot finance education and health with 15-year loans. Let us make SIDS a real priority in everything we do,” he said.

Prime Minister of Barbados, Mia Mottley said there was simply no political will on the part of the developed world to make the financial system work fairly,  as she enquired  how many  of those leaders have turned up in Antigua. “We are not seen”, she said, adding that “we continue to be serfs” when it comes to the power imbalance.

Small Island Developing States (SIDS) are in the crossfires of multiple crises: Climate Change, the economic and social repercussions of COVID-19, and a crisis of debt. The pandemic hugely impacted all island nations, especially those dependent on tourism. Global lockdowns left large holes in islands’ coffers and severely set back efforts to invest in the SDGs.

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Transcultura lauded at SIDS gathering, wins Partnership Awards 2024

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Garfield Ekon

Staff Writer

 

June 7, 2024 – The United Nations (UN) programme, Transcultura, which seeks to integrate Caribbean, and the European Union through Culture and Creativity, has been selected to receive the Small Island Developing States (SIDS) Partnerships Awards 2024.

Operate under the United Nations Educational, Scientific and Cultural Organization (UNESCO), it is the largest programme in Latin American and the Caribbean, and is a four-year initiative for young cultural professionals, artists, and entrepreneurs from 17 Caribbean countries.

Implemented in three languages, it provides them with opportunities for their future, in the region and in Europe, through training, support to entrepreneurship, networking and mobility programmes. With 15 million euros (16.5 million US dollars) provided by the European Union (EU), Transcultura is also the most significant EU investment in culture in the region.

In four years, over 1,600 young people from 17 Caribbean SIDS have benefited from the programme, with more than 50% being women. Through a combination of in-person and online courses, 600 cultural professionals have been trained. It has also facilitated cooperative cultural exchanges involving over 200 organisations from the Caribbean and the European EU. 

The programme resulted in the establishment of the Caribbean Cultural Training Hub, which fostered synergies between key educational institutions in the region. The award’s jury recognised the transformative impact of the Transcultura programme, empowering young people in the region to become agents of change and development in their communities through culture and creativity.

It was established by UN Member States in 2021 to recognise the efforts of the best and most notable partnerships in the implementation of the SIDS Accelerated Modalities of Action Pathway (SAMOA Pathway). The goal is to inspire others to embark on such partnerships with SIDS.

Transcultura programme leverages the rich cultural diversity of the Caribbean as a driving force of sustainable development through cooperation and exchange within the Caribbean and between the Caribbean and the EU. It aims to create professional opportunities for young people in the Cultural and Creative Industries.

Beneficiary countries are: Antigua and Barbuda, Bahamas, Barbados, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname and Trinidad and Tobago.

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