OFFICIALS FROM CARICOM DEVELOPMENT FUND TO VISIT DOMINICA

Roseau, Dominica – July 22, 2009…….A Delegation from the CARICOM Development Fund (CDF) will be in Dominica for two days from Thursday, July 23rd 2009 to Friday, July 24, 2009.

 

The purpose of the visit is to sensitise the various publics in the target countries on the CARICOM Development Fund prior to its full operationalisation.

The CARICOM Development Fund was established in 2008 under Article 158 of the Revised Treaty of Chaguaramas (2001) “for the purpose of providing financial or technical assistance to disadvantaged countries, regions and sectors”.

 

The Fund is expected to raise US$250 million with an amount of US$70 million currently available.  The first tranche of money for projects is expected to be released by the end of 2009.

 

The three-person delegation from the CDF are:  Ambassador Lorne McDonough; Chief Executive Officer, Mr. Lennox Forte, Manager, Corporate Development and Planning and                             Mr. Herman Grant, Specialist in Project Management.

 

While in Dominica the delegation will meet Members of Cabinet, Permanent Secretaries and Technical Officers, representatives from the Financial community, the Private Sector and Civil Society.

 

 

 

For more information contact:

 

Dr. Eisenhower Douglas

Director of Trade

Ministry of Trade, Industry Consumer and Diaspora Affairs

Tel: + 1 767-266-3266

Financial Centre

Kennedy Avenue, Roseau

Commonwealth of Dominica

Ref: 63-20

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