PEOPLE
72,000est,2021
AREA
290 Sq Miles
CAPITAL
Roseau
CURRENCY
Eastern Caribbean
Dollar (XCD)
STATUS
Independent
3rd Nov, 1978
CARICOM JOIN DATE
May 1, 1974
Project
Overview
FUNDED
PROJECTS
7
US $22.66M
OVERVIEW
The CARICOM Development Fund has been instrumental in fostering cohesion in Dominica by supporting the implementation of the country’s sustainable development and climate resilience agenda. Over two project cycles, from Cycle 1 (2008-2015) to Cycle 2 (2016-2023), the CDF invested US$22.7 million in 7 strategic projects, aimed at creating a more enabling business environment for SMEs to thrive, create jobs and contribute to economic growth; and supporting the country’s energy transition.
Planned Results of CDF-Supported projects
- Support for MSMEs: Improving access to credit for 73 micro, small, and medium-sized enterprises (MSMEs) to innovate, enhance productivity, and increase competitiveness.
- Institutional Strengthening: Strengthening of the Dominica Bureau of Standards and Dominica AID Bank to increase SMEs’ access to accredited laboratory testing services and affordable credit.
- Sectoral and National Competitiveness: An investment of US$18.5 million in targeted physical infrastructure (energy, transportation, tourism, agriculture, and business support), to boost the competitiveness of all key economic sectors.
- Renewable Energy: Supporting the construction of a 10 MW geothermal plant, which will lead to a 60% reduction in greenhouse gas emissions from energy generation.
Our Work In Dominica
Institutional Support to the Dominica AID Bank
Status
CompletedApproval Date
9/27/2012Value (USD)
150,000Upgrade of the Champagne Beach Tourist Reception Facility
Status
Implementation in ProgressApproval Date
10/13/2022Value (USD)
558,118Equipping the National Centre for Testing Excellence (NCTE) and Staff Capacity Building
Status
CompletedApproval Date
9/27/2012Value (USD)
953,162Operation and Management of Two Multipurpose Packhouses at Portsmouth and Roseau
Status
CompletedApproval Date
12/8/2019Value (USD)
1,298,780CDF Executing Agencies
ORMAT Technologies Inc/Geothermal Power Company of Dominica Limited – Commonwealth of Dominica
Agricultural and Industrial Development Bank (AIDBANK)
Dominica Bureau of Standards
International Transport and Maritime Initiatives
Dominica Export Import Agency
Ministry of Works DOM
National Focal Point
Country |
Dominica |
NAME OF FOCAL POINT |
Ms Denise Edwards |
Position |
Financial Secretary |
CONTACT INFORMATION |
Ministry of Finance and Social Security 5th Floor, Financial Centre, Kennedy Avenue, Roseau Commonwealth of DominicaTel: (767) 266-3221 Email: edwardsr@dominica.gov.dm Email: finsec@cwdom.dm |
