CDB approves US$9.3M loan to Anguilla to support reform programme

first_img Aug 26, 2020 Hurricane Warning Declared as Tropical Storm Nana Approaches… “This policy-based loan, which is the first of three, will fill the government’s fiscal gap and provide immediate liquidity needed to help shore-up the island’s finances, mitigate shocks to expenditure such as the fiscal implications of Hurricane Irma and assist with building longer term fiscal resilience” said Dr. Justin Ram, Director of Economics at CDB. Under the area of restoring fiscal stability, the funds provided will be used to help Anguilla strengthen its macroeconomic planning framework post-Hurricane Irma; enhance revenue collection; and improve expenditure and debt management. To build resilience, the intervention will support reforms by strengthening policy, governance, and institutional arrangements for environmental management towards increased climate change resilience; as well as enhancing institutional capacity for social protection. Prior to the approval of this loan, in the aftermath of Hurricane Irma, the Government of Anguilla received financial support from CDB, including an Emergency Relief Grant of USD200,000 and a loan of USD5 mn to assist in the restoration of electricity. Earlier in 2018, CDB provided loan financing of USD5.6 mn to help the Government meet its debt obligations, and focus on its recovery priorities, without having to divert resources to meet financing needs. Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… July 26, 2018 (Caribbean Development Bank Press Release) – The Board of Directors of the Caribbean Development Bank (CDB) has approved a USD9.3 million (mn) loan to the Government of Anguilla, to implement a reform programme that aims to restore fiscal sustainability and enhance resilience against natural disasters. Anguilla is highly vulnerable to natural disasters, and since 1995, the island has been affected by eight named hurricanes. Following the passage of Hurricane Irma in 2017, Anguilla suffered damage and losses that were estimated at approximately 97 percent of GDP. The country is also heavily reliant on tourism, and the effects from Hurricane Irma have led to the closure of hotels and restaurants, causing significant unemployment and income losses. The loan from CDB is the first of a series of three proposed policy-based loans, which will support Anguilla’s three-year reform programme to restore fiscal stability and build resilience, in order to promote and sustain economic recovery and growth. This first loan supports initial reforms under the government’s Medium-Term Economic and Fiscal Plan. Sep 29, 2020 UK provides further support to CDB Special Development Fund… You may be interested in…center_img Find Way for Private Sector to Assume Role as Jobs Generator… Sep 2, 2020 Oct 2, 2020 CDB to Lend US$70M to The Bahamas and Saint Lucia,… Anguilla to get CDB help post-Hurricane IrmaMay 28, 2018, ST. GEORGE’S, Grenada – The Board of Directors of the Caribbean Development Bank (CDB), has approved a loan of US$5.6M to assist the Government of Anguilla in meeting its fiscal obligations after the destruction caused by Hurricane Irma in 2017. The funds will allow the Government to…May 28, 2018In “Anguilla”CDB ramping up research to address Caribbean Region’s challenges(CDB Press Release) The Caribbean Development Bank (CDB) is ramping up its research activity to help regional Governments better tackle challenges related to environmental sustainability, economic and fiscal resilience, and implementation. CDB’s Director of Economics, Dr. Justin Ram, announced this last Thursday at the Bank’s Annual News Conference, held in…February 12, 2019In “Anguilla”CDB to provide US$50M loan to The Bahamas for post-Hurricane Dorian recovery(CDB Press Release) The Board of Directors of the Caribbean Development Bank (CDB) approved an Exogenous Shock Response Policy-Based Loan of USD50 million to support The Bahamas after Hurricane Dorian. “The loss of life and massive destruction caused by Hurricane Dorian has placed a heavy burden on The Bahamas. The…December 17, 2019In “CARICOM”Share this on WhatsApplast_img read more

Federal-Mogul Appoints Jay Burkhart, Vice President, Global Marketing and Brand Strategy

first_imgSOUTHFIELD, MI — Federal-Mogul has appointed Jay Burkhart to vice president, global marketing and brand strategy. In this new role, he will be responsible for marketing and brand strategy in aftermarket sales locations throughout the world. AdvertisementClick Here to Read MoreAdvertisement Prior to this promotion, Burkhart, who joined the company in 1998, was responsible for marketing in the North American aftermarket. He has been instrumental in helping the Federal-Mogul North American aftermarket organization achieve record performance in sales and numerous awards for marketing excellence, including most recently, the prestigious PACE Award for product innovation. “Jay is a recognized leader in marketing and brand management throughout the North American market, and we look forward to him sharing skills and talents on a global basis,” said Joseph Felicelli, senior vice president, global aftermarket. “Additionally, as we expand our efforts and presence in the emerging markets of the world, it has become increasingly obvious that we must develop a global brand strategy and defined implementation effort to maximize the value of all of our global brands.” Burkhart came to Federal-Mogul from the Cooper Automotive division of Cooper Industries, where he had served as vice president of marketing. Before that, he was vice president of marketing, worldwide, for Tenneco Automotive. He began his career in the packaged goods industry working with brand management assignments at Borden and Beatrice/Hunt-Wesson. For more information on Federal-Mogul, visit: _______________________________________ Click here to view the rest of today’s headlines.last_img read more

2011 AAIA Head of the Class Award Winners Announced

first_imgBETHESDA, Md. – The Automotive Aftermarket Industry Association (AAIA) has announced the recipients of its inaugural Head of the Class Award, honoring five aftermarket companies that continually invest in employee education and training.   The award is administered by the AAIA Education Committee on behalf of the association, and was created to highlight and recognize companies that continually invest in employee education and training and to promote the value and benefit that this investment provides to the employees and their companies, and also the entire aftermarket industry.   The 2011 winners, designated by aftermarket category, are:   * Manufacturer: Tenneco, Inc., Monroe, Mich. * Warehouse Distributor: KOI Auto Parts, Cincinnati, Ohio * Jobber: Olympus Imported Auto Parts, Alexandria, Va. * Manufacturers’ Representative: N.A. Williams Company, Atlanta, Ga. * Repair Shop: The Car Doctor, Oklahoma City, Okla.   “Training and education are the keys to any success, and as the automotive industry continues to evolve, new challenges and competitive threats are just around the corner,” said AAIA Education Committee chairman David Boyington, Mitchell 1. “Your Education Committee would like to recognize the commitment of a few select businesses to better equip their people with the tools to succeed. Please join me in congratulating the 2011 winners of the ‘Head of the Class’ award for their outstanding employee training programs and push for continued education.”   Winners were selected based on the education and training practices of the company, including what prompted the company to invest in training, the types of training accomplished, the initial goals, their experiences, results of the training and any future plans. These inaugural winners were chosen because of their dedicated and continuing investment in enhancing the quality and level of learning and skill development in their companies.   The recipients will be recognized at AAIA’s Town Hall breakfast at AAPEX, Wednesday, Nov. 2 at The Venetian in Las Vegas. They also will receive an award to display at their place of business and information on their winning programs will be posted on the AAIA website at More information about these companies and their education initiatives will be featured in upcoming issues of AAIA’s Aftermarket Insider publication.   The AAIA Education Committee invites companies to submit their company education and training stories for the 2012 Head of the Class Awards. More information on how to apply will be available in spring 2012.   AdvertisementClick Here to Read MoreAdvertisementlast_img read more

NWS: Today’s High Near 85; Tonight’s Low Around 61

first_imgThe National Weather Service forecasts today’s high in Los Alamos near 85 with mostly sunny skies and tonight’s low around 61. Courtesy/NWSlast_img

Plenty Of Snow On Dome Trail In Bandelier

first_imgThe Dome Trail at the intersection of N.M. 4 and Forest Road 289 in Bandelier is a nice way to spend a couple of hours cross country skiing. A great way to see elk in their environment and get some exercise while your at it. At the halfway point on the blue trail is a good overlook spot for some lunch. Photo by Jim O’Donnelllast_img

PEEC: Discover Wonders Of Supernovas Friday

first_imgExplore supernovas at 7 p.m. Friday, Feb. 21 in the Los Alamos Nature Center’s planetarium. Astronomer Rick Wallace will lead this discussion to explore these incredible stellar explosions. Courtesy/PEEC The nature center also will play the full-dome film ‘Exploding Universe’ at 2 p.m. Saturday, Feb. 22. Courtesy/PEECPEEC News:Explore supernovas at 7 p.m., Friday, Feb. 21 in the Los Alamos Nature Center’s planetarium. Astronomer Rick Wallace will investigate these incredible stellar explosions during this talk. These amazing stellar destruction events form some of the strangest objects in the Universe like neutron stars and black holes. Supernovas also seed the surrounding space with the materials needed to form new stars, planets and life itself. Wallace will discuss how we are all made from stardust and originated in supernovas and how three supernovas may have had a hand in forming our own solar system. In addition to this talk, PEEC will play the full-dome film “Exploding Universe” in the planetarium at 2 p.m., Saturday, Feb. 22. This film explores a world where supernovas erupt, massive materials collide and protons give birth to life as we know it today. This show brings to life all that is fascinating and extreme in the progression of the Universe.Admission to Friday night’s talk and Saturday’s film is $6 for adults and $4 for children. Events in the planetarium are not recommended for kids under age 4. If you are interested in additional events in the planetarium, stop by the nature center on Wednesdays at 3 p.m. Every week, a member of the Pajarito Environmental Education Center’s astronomy team hosts a free 15-minute sky show and then takes audience questions and requests.For more information about this and other PEEC programs, visit, email [email protected] or call (505).662.0460. PEEC was founded in 2000 to serve the community of Los Alamos. It offers people of all ages a way to enrich their lives by strengthening their connections to our canyons, mesas, mountains, and skies. PEEC operates the Los Alamos Nature Center at 2600 Canyon Road, holds regular programs and events, and hosts a number of interest groups from birding to hiking to butterfly watching. PEEC activities are open to everyone; however, members receive exclusive benefits such as discounts on programs and merchandise. Annual memberships start at $35. To learn more, visit read more

Daily Postcard: Daffodils Mark Signs Of Spring

first_imgDaily Postcard: Spring is in the air Friday with Daffodils blooming at Enterprise Bank & Trust on Rover Boulevard in White Rock. Photo by Nancy Ann Hibbslast_img