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National Bank Of Dominica
The National Bank of Dominica Ltd. is a financial services firm in headquartered in Roseau, Dominica. It is the largest financial institution in the Commonwealth of Dominica. The bank was set up in 1978 as a state owned bank and was privatized in 2003. It was named 2022 Bank of the Year by the Eastern Caribbean Central Bank (ECCB). History The bank was created by Act No 27 of 1976 by the Parliament of Dominica (under the name ''National Commercial and Development Bank of Dominica''). It officially opened for business on March 15, 1978 with the ''Agricultural Industrial and Development Bank'' (AID) bank as a wholly owned subsidiary. In January 1982, the AID development bank was made a separate and independent entity. In 1994, the bank invested in ''National Commercial Bank of Grenada'', jointly, with two other Organization of Eastern Caribbean States ( OECS) indigenous banks to own 12.5% of that bank. An investment in the ''Caribbean Credit Card Corporation'' for the issuan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roseau, Dominica
Roseau (Dominican Creole: ''Wozo'') is the capital and largest city of Dominica, with a population of 14,725 as of 2011. It is a small and compact urban settlement, in the Saint George parish and surrounded by the Caribbean Sea, the Roseau River and Morne Bruce. Built on the site of the ancient Island Carib village of Sairi, it is the oldest and most important urban settlement on the island of Dominica. It is on the west (leeward) coast of Dominica and has a combination of modern and colonial French architecture. Roseau is Dominica's most important port for foreign trade. Some exports include bananas, bay oil, vegetables, grapefruit, oranges, and cocoa. The service sector is also a large part of the local economy. There are several private institutions registered in Dominica, like Ross University, Ballsbridge University, international university for graduate studies, All Saints University, New World University, Western Orthodox University. There is a prominent diocese calle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Owned
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Dominica
The economy of Dominica is reliant upon agriculture, particularly bananas, with the financial services industry and passport sales becoming increasingly the island's largest source of income. Banana production employs, directly or indirectly, upwards of one-third of the work force. This sector is highly vulnerable to weather conditions and to external events affecting commodity prices. The value of banana exports fell to less than 25% of merchandise trade earnings in 1998 compared to about 44% in 1994. In view of the European Union's announced phase-out of preferred access of bananas to its markets, agricultural diversification is a priority. Dominica has made some progress, with the export of small quantities of citrus fruits and vegetables and the introduction of coffee, patchouli, aloe vera, cut flowers, and exotic fruits such as mangoes, guavas, and papayas. Dominica has also had some success in increasing its manufactured exports, with soap as the primary product. Dominica al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LIAT
LIAT (1974) Ltd, also known as Leeward Islands Air Transport Services and operating as LIAT, is a regional airline headquartered in Antigua and Barbuda that operated high-frequency inter-island scheduled services to 15 destinations in the Caribbean. The airline's main base was V.C. Bird International Airport, Antigua and Barbuda, with a secondary base at Grantley Adams International Airport, Barbados. On 27 June 2020, the Antiguan prime minister Gaston Browne announced that LIAT would be liquidated following increased debt and the economic impact of the COVID-19 pandemic. The airline will be reformed into a new entity Liat (2020) which will continue to provide connections between the Caribbean islands. On 24 July 2020, the Government of Antigua and Barbuda secured an order for administration for LIAT and named Cleveland Seaforth of BDO as administrator of the company. Seaforth was given a 120-day deadline to devise a restructuring plan and present it to the Eastern Caribbea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organisation Of Eastern Caribbean States
The Organisation of Eastern Caribbean States (OECS; French: ''Organisation des États de la Caraïbe orientale'', OECO) is an inter-governmental organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance between countries and territories in the Eastern Caribbean. It also performs the role of spreading responsibility and liability in the event of natural disaster. The administrative body of the OECS is the Commission, which is based in Castries, the capital of Saint Lucia. History OECS was created on 18 June 1981, with the Treaty of Basseterre, which was named after the capital city of St. Kitts and Nevis. OECS is the successor of the Leewards Islands' political organization known as the West Indies Associated States (WISA). One prominent aspect of OECS economic bloc has been the accelerated pace of trans-national integration among its member states. The seven protocol members of the OE ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Bank
A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitments (as loans, equity, guarantees and debt securities) of the major regional, multilateral and bilateral DFIs totaled US$45 billion (US$21.3 billion of which went to support the private sector). Mandate DFIs can play a crucial role in financing private and public sector investments in developing countries, in the form of higher risk loans, equity positions, and guarantees.Dirk Willem te Velde and Michael Warner (2007Use of subsidies by Development Finance Institutions in the infrastructure sector Overseas Development Institute DFIs often provide finance to the private sector for investments that promote development and to help companies to invest, especially in countries with various restrictions on the market. Some development banks i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of Dominica
The House of Assembly is the legislature of Dominica. It is established by Chapter III of the Constitution of Dominica, and together with the President of Dominica constitutes Dominica's Parliament. The House is unicameral, and consists of twenty-one Representatives, nine senators, and the Attorney General as an ''ex officio'' member. The Speaker of the House becomes the thirty-second member if chosen from outside the membership of the House. Representatives are directly elected in single-member constituencies using the simple-majority (or first-past-the-post) system for a term of five years. The Representatives in turn decide whether the senators are to be elected by their vote, or appointed. If appointed, five are chosen by the president with the advice of the Prime Minister and four with the advice of the Leader of the Opposition. The current Senators are appointed. The Cabinet of Dominica is appointed from members of the House of Assembly. However, no more than three sena ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank (ECCB) is the central bank for the Eastern Caribbean Dollar, Eastern Caribbean dollar and is the monetary authority for the members of the Organisation of Eastern Caribbean States (OECS), with the exception of the British Virgin Islands, Guadeloupe and Martinique. Two of its core mandates are to maintain price and financial sector stability, by acting as a stabilizer and safe-guard of the banking system in the Eastern Caribbean Economic and Currency Union (OECS/ECCU.) It was founded in October 1983 with the goal of maintaining the stability and integrity of the subregion's currency and banking system in order to facilitate the balanced growth and development of its member states. The bank is headquartered in Basseterre, St. Kitts, and is currently overseen by Mr. Timothy Antoine, the Bank Governor. Prior to assuming his post in February 2016, the bank was overseen by the late K. Dwight Venner, Sir K. Dwight Venner. In early 2015, the bank ann ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Of Dominica
Dominica ( or ; Kalinago language, Kalinago: ; french: Dominique; Dominican Creole French: ), officially the Commonwealth of Dominica, is an island country in the Caribbean. The capital, Roseau, is located on the western side of the island. It is geographically situated as part of the Windward Islands chain in the Lesser Antilles archipelago in the Caribbean Sea. Dominica's closest neighbours are two Special member state territories and the European Union, constituent territories of the European Union, the overseas departments of France, Guadeloupe to the northwest and Martinique to the south-southeast. Dominica comprises a land area of , and the highest point is Morne Diablotins, at in elevation. The population was 71,293 at the 2011 census. The island was settled by the Arawak arriving from South America in the fifth century. The Kalinago displaced the Arawak by the 15th century. Christopher Columbus, Columbus is said to have passed the island on Sunday, 3 November 1493. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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