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Grenada to host CDB’s 48th Annual Meeting

Grenada will host the 48th Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB), which is scheduled to take place on May 30 and 31, 2018. The programme for this year’s Meeting will focus on resilience, against the backdrop of one of the most devastating hurricane seasons the Caribbean Region has experienced in recent history.

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BVI launches Flood-Resilient SMART Communities Project

Three flood-prone communities in the British Virgin Islands (BVI) will soon benefit from a project that will help them build resilience to that particular climate change impact.

The Establishing Flood-Resilient SMART Communities through Non-Governmental Organisations (NGO) Partnerships project will target the communities of Sea Cow’s Bay and East End/Long Look on Tortola, and Great Harbour on the sister island of Jost Van Dyke.

The project is being funded through the Community Disaster Risk Reduction Fund (CDRRF), which is managed by the Caribbean Development Bank. It is a collaborative effort among the Government of the British Virgin Islands through the Department of Disaster Management (DDM), and several non-profit organisations, including the Adventist Development Relief Agency, Rotary Family of BVI, BVI Red Cross and the Jost Van Dyke Preservation Society.  CDRRF funded the project to the tune of USD649,500.

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CDB approves funding to restore electricity and build climate resilience in Anguilla

The Board of Directors of the Caribbean Development Bank (CDB) has approved over USD5 million in funding to support the Anguilla Electricity Company Limited (ANGLEC) with the complete restoration of its transmission and distribution system, which was damaged during the passage of Hurricane Irma in September.

The severe weather event destroyed poles, transmission lines and transformers, causing notable disruption to Anguilla’s electricity supply.  The outage also interrupted the island’s water supply and resulted in the cancellation of numerous hotel bookings.

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CDB-funded project positions Jamaican university to be region’s premier tech institute

The University of Technology Jamaica (UTech) has big plans for its future, including continued developments that stakeholders believe could position the institution with other globally renowned tertiary tech giants.

Only 19 percent of Jamaicans aged 19 to 24 are currently enrolled in tertiary institutions, and only 15 percent of the workforce have a tertiary education. However, after a recently completed expansion and enhancement project financed by the Caribbean Development Bank (CDB), enrollment at UTech increased. The project has cemented hopes that the college can be a springboard to drive education, training and certification to increase productivity and prosperity in Jamaica, particularly by adding to the number of Jamaicans entering the workforce in fields related to science, technology, engineering and mathematics (STEM).

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CDB, Canada, EU partner on toolkit to reduce poverty and build resilience

There is a strong correlation between gender equality and disaster resilience, and it is one that the Region is taking into account on the path to ending poverty. To improve awareness of the importance of this relationship and measure its impact on vulnerable groups in the Region, the Caribbean Development Bank is designing a toolkit, in collaboration with its borrowing member countries (BMCs).

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CDB supports training to help Dominicans build back better

Two hundred and thirty four Dominicans, 40 percent of them women, are now better equipped with the skills and knowledge they need to construct homes that can better withstand hurricanes.  They have completed the Rapid Training of Artisans programme, a learning experience that took place in November, which taught them how to efficiently and economically repair and rebuild roofs and timber-framed walls in accordance with building codes.

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CDB approves funding to support climate-smart agriculture in Grenada

The Caribbean Development Bank has approved a USD5 million loan to support climate-smart agriculture and enterprise business development in Grenada. The project will assist the Government of Grenada in its efforts to increase productivity and the contribution of the agricultural sector to economic growth, rural poverty reduction and environmental sustainability. The International Fund for Agricultural Development will provide additional financing.

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CDB approves funding to improve disaster resilience in health, education in Antigua and Barbuda

he Caribbean Development Bank (CDB) has announced funding to improve disaster resilience in Antigua and Barbuda’s health and education sectors. The Bank’s Board of Directors today approved a project that will provide and install solar photovoltaic (PV) systems for up to 13 rural schools and clinics, which provide shelter and make rescue and medical care possible in the event of a disaster.

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CDB approves funding to modernise procurement systems in the OECS

In the Caribbean, procurement challenges are a key contributing factor to late project start-up, slow disbursements and extended project implementation, which result in delayed project outcomes. The Board of Directors of the Caribbean Development Bank (CDB) has approved a USD700,000 grant to assist with the establishment of modern procurement systems in the Organisation of Eastern Caribbean States (OECS).

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