Invest Dominica Authority (IDA) a Government Agency, has established a relationship with the World Bank which has now translated to a financial support mechanism for a number of programmes, which will serve to improve the efficiency of the Authority in its drive to facilitate and promote investment. The Authority operates on a limited budget and the assistance being given by the World Bank is timely.
Executive Director of IDA, Mrs. Rhoda Letang, has confirmed that the World Bank is currently financing an Investment Strategy and Action Plan, staff training, brochures, a new interactive website and office equipment to include colour printers, camera, lap tops and a computer server. Consultant from London NATHAN.EME together with a local team support was selected to develop the Investment Strategy and Action Plan. The team began work at the end of November 2009 and is expected to submit their final report in April 2009. This Investment Strategy and Action plan will guide the IDA in its effort of investment promotion.
A local website developer, is currently in the final stages of developing the website. The Authority plans on making extremely good use of this generous assistance and is thankful to the World Bank for the offer.
The total cost of this commitment from the World Bank is over EC$680,000.
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