Business View Caribbean - Jan 2024

7 BUSINESS VIEW CARIBBEAN VOLUME 11, ISSUE 1 OPENING L INES O p e n i n g L i n e s World Bank supports clean energy generation in Dominica Source: Caribbean Source: https://caribbean.loopnews.com/ , Caribbean news editor, First Published Jan 27, 2024 newsnow.com , News Editor, Dec 04 $38.5 million project designed to support the Commonwealth of Dominica in developing and integrating clean, sustainable and low-cost energy has been approved by the World Bank. Through this project, a new robust transmission network will be built to withstand natural hazards, strengthening Dominica’s electricity grid. A statement from the World Bank says the A challenges faced by Dominica, as a Small Island Developing State, are multi-faceted, stemming from natural hazards, topographical constraints, and external economic shocks. It states despite being an upper-middle- income country, Dominica has grappled with persistent economic challenges, exacerbated by hurricanes - such as Hurricane Maria which caused Dominicans to go without power for an extended period in 2017 - and the global COVID-19 pandemic.