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Press Releases

News from Jamaica and the Caribbean

Renewable Energy Project at Glenmuir High Gets a Boost as PetroCaribe Development Fund Contracts UTech

The PetroCaribe Development Fund (PCDF) has contracted the University of Technology (UTech) to implement one phase of a renewable energy pilot project at the Glenmuir High School in Clarendon. The contract which is valued at just over JA$2 million was[...]

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Children from Poor Homes Benefit from Hope Zoo Initiative –Thanks to PetroCaribe Grant

Children aged 3 to 17 years old will continue to benefit from the Hope Zoo’s innovative educational initiative because of a grant from the PetroCaribe Development Fund. The initiative provides a therapeutic fun day for children from poor communities, children[...]

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PetroCaribe Provides $402 Million for Engineers Training Centre at Caribbean Maritime Institute

The Caribbean Maritime Institute (CMI) has received $402 million in grant funding from the PetroCaribe Development Fund for the establishment of a Festo Authorised and Certified Training (FACT) Centre for specialised engineers. The centre, which is slated to become operational[...]

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Petrocaribe Development Fund Supports Jamaica Library Service & Education Sector

The PetroCaribe Development Fund (PDF), as part of its commitment to education and the development of human capital in Jamaica, has donated two million dollars (J$2M) to the Jamaica Library Service (JLS). This donation will assist the JLS in broadening[...]

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Petrocaribe Fuels Development

As you may be aware, the PetroCaribe Agreement negotiated in 2005 is a bilateral arrangement between Venezuela and 18 other countries, including Jamaica. Read More.[...]

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(VIDEO) Petrocaribe Development Fund joins in celebrating Petrocaribe’s 10th Anniversary

The PetroCaribe Development Fund (PDF) was formed in 2006 to manage the proceeds which accrue to Jamaica under the PetroCaribe Energy Cooperation Agreement. Under this Agreement, the Government of Venezuela agreed to convert a portion of each payment due for[...]

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Petrocaribe Development Fund joins in celebrating Petrocaribe’s 10th Anniversary

The PetroCaribe Development Fund (PDF) was formed in 2006 to manage the proceeds which accrue to Jamaica under the PetroCaribe Energy Cooperation Agreement. Under this Agreement, the Government of Venezuela agreed to convert a portion of each payment due for[...]

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J$2.0 Billion Disbursed to JEEP/JSIF Through PetroCaribe Development Fund

Since the Cabinet of Jamaica authorised the PetroCaribe Development Fund (PDF) in February 2012 to give support to the Jamaica Emergency Employment Programme (JEEP), Two Billion Jamaican dollars has already been disbursed in financing. This was disclosed by Client Relations[...]

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NYOJ Breaks Down Barriers By Bringing Together 23 Schools ‘United In Harmony’ Through The Power Of Music

The PetroCaribe Development Fund is a proud sponsor of the National Youth Orchestra of Jamaica, a social intervention programme targeting at-risk youth with the aim of changing behavior through the use of music.  See link below: NYOJ Breaks Down Barriers[...]

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