Caribbean Infrastructure

Bahamas signs US$200 million agreement with Afreximbank to boost infrastructure and trade

February 28, 2025

Bahamas Prime Minister Philip Davis signed a US$200 million framework agreement with Afreximbank which aims to develop climate-resilient and trade-enhancing infrastructure. The agreement is expected to support projects in road construction, energy, and economic development. Source: Tribune 242

EU and Hispasat partner to strengthen digital connectivity in the Caribbean

February 28, 2025

The European Union (EU) has signed a Memorandum of Understanding (MoU) with Hispasat to enhance broadband access and digital sovereignty in the Caribbean. The initiative aligns with the EU-LAC Digital Alliance and offers regional alternatives to external digital investments. Source: EUReporter

CAF and Barbados sign US$75 million agreement to boost heritage tourism and infrastructure

February 28, 2025

CAF and Barbados have signed a US$75 million agreement to enhance cultural heritage preservation, tourism, and infrastructure modernization under the Reclaiming Our Atlantic Destiny (ROAD) Program. The initiative aims to strengthen Barbados’ historical and cultural connections, supporting national development through heritage tourism. Source: CAF

Health City Cayman invests US$4.1 million in Bahamas’ Doctors Hospital for healthcare expansion

February 28, 2025

Health City Cayman Islands has invested $4.1 million to acquire 500,000 shares in Doctors Hospital Health System in the Bahamas, marking its first major healthcare investment outside of Cayman. The deal, effective Feb. 12, will support the expansion of surgical services and improve healthcare access across The Bahamas and beyond. This transaction is also expected […]

CAPRI launches China-CARICOM portal to track Chinese projects in the Caribbean

February 6, 2025

The Caribbean Policy Research Institute (CAPRI) has launched the China-CARICOM Portal, a digital platform analyzing China’s diplomatic and economic projects in Antigua and Barbuda and the wider Caribbean. The portal maps over 800 Chinese projects across the region from 2013 to 2023 and aims to help policymakers and researchers make informed decisions about China-Caribbean relations. […]

Virgin Islands secures US$250,000 grant to strengthen healthcare infrastructure and resilience

February 6, 2025

The Ministry of Health and Social Development has secured a US$250,000 grant from the OECS and Direct Relief under the Enhancing Health Infrastructure and Resilience Project (EHIR) to improve healthcare infrastructure and address climate-related health challenges in the Virgin Islands. The funds will support standby backup power for healthcare facilities, cold chain strengthening, and medical […]

Nevis Premier unveils US$101 million budget focused on jobs and economic growth

January 23, 2025

Nevis Premier Mark Brantley unveiled a US$101 million budget for 2025, prioritizing job creation, economic resilience, and sustainable growth. Brantley highlighted plans to leverage public-private partnerships and innovative solutions to improve wages and living standards while securing the island’s economic future. Source: IBTimes

Nevis plans airport upgrades to enable direct U.S. flights

January 23, 2025

Nevis is strengthening ties with the U.S., particularly Florida. The government plans major development projects, including enhancing Vance W. Amory International Airport to support direct flights from the U.S. East Coast. Source: Miami Herald

CDB grant boosts water management and climate resilience efforts in Jamaica

January 23, 2025

The Caribbean Development Bank has approved a US$909,000 grant to The University of the West Indies to improve water resource management and climate resilience in Jamaica. Despite abundant freshwater, uneven distribution leaves rural and southern communities facing chronic shortages and unreliable systems, worsened by aging infrastructure and inadequate storage. Source: CariBank