CDB Regional News 

CDB President Concludes Meetings in Washington, D.C.

President of the Caribbean Development Bank, Dr. Wm. Warren Smith, yesterday concluded a visit to Washington, D.C. for the 2017 Annual Meetings of the World Bank Group and the International Monetary Fund (IMF). The President, accompanied by Vice-President (Operations), Monica La Bennett, attended high-level meetings, met with key stakeholders in the global development community, and held discussions with leaders from regional governments from October 9 to 15, 2017. During the Meetings, recovery and rehabilitation for hurricane-ravaged Caribbean nations emerged as a key theme. The President, who has reaffirmed the Bank’s support…

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CDB Regional News 

CDB Unveils Plan for New Cycle of Poverty Reduction Programme

The Caribbean Development Bank’s (CDB) poverty-fighting flagship programme, the Basic Needs Trust Fund (BNTF) has unveiled an ambitious plan for its ninth cycle. The Bank has negotiated more funds for the BNTF, taken steps to improve the programme’s efficiency and effectiveness, and will strengthen partnerships with the private sector. These innovations are being outlined to BNTF stakeholders during a series of project launch workshops, which are taking place in the nine participating countries, where stakeholders will also receive guidance on implementing the new cycle. CDB’s Acting Portfolio Manager for BNTF,…

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CDB Regional News 

Electricity System Upgrade and Expansion Project launched in Suriname

PARAMARIBO, Suriname – The Caribbean Development Bank (CDB), and the Government of Suriname have partnered to deliver a more reliable, efficient and sustainable electricity supply in that country. The Electricity System Upgrade and Expansion Project, which will be implemented by utility company, N.V. EnergieBedrijven Suriname (EBS), was launched on Monday, September 25, 2017 at the Courtyard Marriott Paramaribo. Under the Project, EBS will undertake the upgrade of 36.6 kilometres of sub-transmission and distribution lines, the construction of five new substations, and the expansion or upgrade of three existing substations. It…

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CDB Climate Change Development Economic Environment Utilities 

GOAB Request for Expression of Interest

GOVERNMENT OF ANTIGUA AND BARBUDA STREET LIGHT RETROFITTING PROJECT CLIMATE RISK SCREENING REQUEST FOR EXPRESSIONS OF INTEREST The Government of Antigua and Barbuda (GOAB) has received financing from the Caribbean Development Bank (CDB) towards the cost of Street Light Retrofitting and intends to apply a portion of the proceeds of this financing to eligible payments under a contract for which this invitation is issued.  Payments by CDB will be made only at the request of GOAB and upon approval by CDB, and will be subject in all respects to the…

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CDB 

CDB President participates in high-level mission to Dominica

President of the Caribbean Development Bank (CDB), Dr. Wm. Warren Smith, has reaffirmed the institution’s support for the Government and people of the Commonwealth of Dominica, after participating in a Caribbean Community (CARICOM) high-level mission to that country on September 26. Smith was part of a delegation that met with the Prime Minister of Dominica, Hon. Roosevelt Skerrit in Roseau to discuss rehabilitation and recovery efforts for the country following Hurricane Maria. “CDB stands in solidarity with the Government and people of Dominica as the country seeks to rebuild and recover…

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CDB Regional News 

Caribbean Policy Reform Threatened by Lack of Political Will, Implementation Capacity

Absence of political will, “combined with a lack of implementation capacity is one of the biggest threats to Caribbean policy reform CDB Dr. Wm. Warren Smith. He was speaking at the opening ceremony of the Caribbean Leadership and Transformation Forum: Delivering Results on September 18 2017. The two-day Forum hosted by CDB focused on improving implementation in the Caribbean and finding new ways to deliver results in alignment with the 2030 Sustainable Development Agenda. “The lack of political will represents a major risk to successful implementation of growth-oriented reform programmes…

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CDB Health Youth 

CDB Approves Grant to Address Childhood Obesity Prevention

The Caribbean Development Bank (CDB) has approved a grant of USD150,000 to the Healthy Caribbean Coalition (HCC), to support capacity building to address childhood obesity prevention in four countries. The project will strengthen the ability of civil society organisations (CSOs) in The Bahamas, Barbados, Belize and Jamaica to contribute to non-communicable disease (NCD) prevention and control, with specific focus on childhood obesity programmes. The grant agreement was signed at CDB headquarters in Barbados on Monday, September 18, 2017 by Sir Trevor Hassell, President of the HCC and CDB’s Vice-President (Operations),…

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CDB Regional News 

CDB introduces Cultural and Creative Industries Innovation Fund to regional practitioners at CARIFESTA XIII

Building on the recent announcement of its provision of initial capitalisation for the Cultural and Creative Industries Innovation Fund (CIIF), the Caribbean Development Bank (CDB) recently introduced the CIIF to approximately 100 cultural practitioners, policymakers and academics from across the Caribbean. The occasion was the Cultural Policy and Intellectual Property Rights Workshop, held as part of CARIFESTA XIII in Barbados on Sunday August 20, 2017, sponsored by CDB. Lisa Harding, Private Sector Development Specialist, CDB, noted that the CIIF was developed to support an enabling environment for the development of…

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Business CDB 

CDB, IDB Sign Agreement to Strengthen Partnership

The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) have signed a memorandum of understanding (MOU) to strengthen their ongoing partnership in addressing the Caribbean’s development priorities. Through the MOU, signed at the IDB’s headquarters in Washington, D.C. on February 21, 2017, both institutions have renewed their commitment to collaborating on programmes and projects that contribute to sustainable economic development in the region. The agreement formalizes their cooperation in CDB borrowing member countries that are also members of the IDB, and countries in the Organisation of Eastern Caribbean…

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Business CDB Economic 

CDB Urges Region to Act Now to Create Environment for Economic Growth

The Caribbean Development Bank (CDB) is projecting that the Region will experience economic growth of approximately 1.7 percent in 2017. However, CDB Director of Economics, Dr. Justin Ram, warns that this will not be enough to stimulate employment, particularly among youth, and reduce high regional debt levels. He points to the need for a long-term action plan that will allow the Region to participate in global supply chains, and drive sustainable economic growth. In a presentation at the Bank’s Annual News Conference, Dr. Ram urged regional policymakers to create an…

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