Dominica

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.

Seven Caribbean countries BLACKLISTED

Trinidad and Tobago is among seven Caribbean countries named on the revised financial blacklist of the European Union (EU).
The updated list follows an assessment of 92 countries by the Commission of Finance Minister of the EU based on three criteria: tax transparency, good governance and real economic activity, as well as one indicator, the existence of a zero corporate tax rate.
The report published on March 12 states that Trinidad and Tobago continues to be recognized as a non-cooperative jurisdiction concerning taxation because it “has a “Non-Compliant” rating by the Global Forum on Transparency and Exchange of Information for Tax Purposes for Exchange of Information on Request”.