CDBNews

The latest edition of CDB News is now available. Click here to view.

APPROVAL FOR EXPANSION OF CAPITAL

The Board of Governors of the Caribbean Development Bank has approved an increase in the Bank’s ordinary capital by USD1 billion, the largest expansion of resources in the Bank’s history. Read more here. For the statements presented at the Bank's 40th Annual Meeting in The Bahamas, click here.

COOPERATION AND COMMITMENT

On May 19, CDB and some leading International Financial Institutions signed a landmark agreement which reinforces the commitment of these institutions to ensuring long-term economic growth across the region. To read more about the USD 850m Caribbean Joint Action Plan, click here.

CDB CELEBRATES ITS 40TH ANNIVERSARY

The Caribbean Development Bank (CDB) is marking the 40th anniversary of its establishment, and the Bank is planning a series of activities to celebrate this milestone.  CDB was set up as a regional development financing institution to contribute to the harmonious economic growth and development of the member countries in the Caribbean, and to promote economic cooperation and integration among these countries. Read More At left, former Prime Minister of Barbados, Errol Barrow and the first President of the Caribbean Development Bank, Sir Arthur Lewis, signing the headquarters agreement for the Bank

CRISIS RESPONSE INITIATIVES OF MRIs

The Development Finance Institutions operating in the Caribbean have crafted responses designed to assist their member countries in dealing with the global financial and economic crisis. This document outlines the programmes that have been put in place by each institution, namely the International Monetary Fund, the Caribbean Development Bank, the Inter-American Development Bank, the International Finance Corporation, the World Bank and the Caribbean Regional Technical Assistance Centre (CARTAC).

CARIBBEAN AID FOR TRADE and CARTFund

Update:  Based on demand, the Fund has been increased to £10m.  The deadline for submitting applications is September 1, 2010.  See updated brochure below.   The Government of the United Kingdom of Great Britain and Northern Ireland (UK), through the Department for International Development (DfID), has a Regional Development Strategy for the Caribbean designed to help the Region reduce poverty through economic growth and increased resilience to risks that impact on growth.      One way the UK Government is operationalising its regional strategy is by the establishment of  a Caribbean Aid for Trade and Regional Integration Trust Fund (CARTFund).  The Project Submission Form is available via this link. A Guide for completing the form is available via this link. The updated brochure outlining further information is available here.  A list of projects approved by CARTFund Steering Committee is available here.  Additional information for private sector applicants is available here.