The Government of the Commonwealth of Dominica is awaiting the disbursement of US$75 million from the World Bank that will support the transformation of the country’s digital economy, Minister for Digital Economy Cassani Laville shared in a statement on August 11.
“There is a regional component of this project that is heavily based on cybersecurity and telecommunications,” he said.
“There is a component for health, there is a component for education, for travel facilitation, for tourism; there are attendant benefits for businesses, for young entrepreneurs, for education, for support to the private sector, for e-Government, for digitisation and digitalisation. So there are tremendous benefits across the board to see that transformation of the way that we conduct business,” the minister added.
Laville explained that an improved digital economy would mean the reduction of the cost of citizen transactions though the internet.
The Government of Dominica introduced the Ministry of Digital Economy to synchronise the island’s use of modern technology with current global trends.
“There is a regional component of this project that is heavily based on cybersecurity and telecommunications.”— Minister of Digital Economy Cassani Laville
“We are going to see travel facilitation with tourism transformed. We are going to find that businesses are able to access greater markets, and we are not only restricted by the numbers in Dominica but we are going to see that we can access the six billion people around the world,” Laville further explained.
In June, the World Bank provided Dominica with US$16.4 million to fund farmers sourcing equipment. Agriculture, food security, the country’s climate resilience initiative, and economic recovery from COVID-19 programmes also received funding.