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ICN

Business and Media Consultant

Dominica gets US$27m for geothermal project

The World Bank on Tuesday approved a US$27 million project to support the construction of a 7 Mega Watts small geothermal power plant in Dominica; the aim of which is to increase the share of renewables, diversify the country’s energy matrix, and identify a clear road map for private sector investment in geothermal development.

Jamaica focusing on “Inflation-targeting”

Jamaica is seeking to introduce “inflation-targeting” as the next phase of it economic reform programme.
“Inflation targeting” is a monetary policy regime in which a central bank has an explicit target inflation rate for the medium term and informs the public.