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CDB study explores the blue economy as a regional economic driver

The ocean plays a role in the livelihood of approximately 40 percent of the world’s population that lives in coastal areas, and makes a significant contribution to economic growth. However, most countries in the Caribbean Region are yet to fully leverage the blue economy as a driver or growth, shows a new study released yesterday by the Caribbean Development Bank (CDB).

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Accessing finance to become a reality for Caribbean women-owned businesses

The Caribbean Export Development Agency (Caribbean Export) in partnership with the Caribbean Development Bank, has kicked off the inaugural activity of the Women Empowered through Export (WE-Xport) programme with a two-day workshop aimed at increasing participating firms’ and regional business support organisations’ (BSOs) access to finance.

Access to finance has been identified as one of the largest hindrances to businesses in their efforts to expand.  Through an increased understanding of the necessary requirements to access funds from traditional banking institutions and funding agencies, it is hoped that more women-owned businesses will be able to access the finance needed to expand their businesses, and take advantage of the Caribbean Forum (CARIFORUM) European Union Economic Partnership Agreement (EU-EPA) to export their products and services to CARICOM and Europe.

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CDB releases 2017 Annual Report

The Caribbean Development Bank (CDB) has released its 2017 Annual Report, highlighting the institution’s performance, initiatives and results delivered during the year.

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IDB and CDB jointly host integrity workshop in Guyana

On Wednesday, May 23, the Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) together hosted an integrity workshop in Georgetown, Guyana. This joint workshop is the first in a series of events aimed at promoting integrity in CDB and IDB development financing interventions in each institution’s respective Borrowing Member Countries. The objective of the CDB-IDB event was to raise awareness among workshop participants of the multilateral development banks’ (MDBs) integrity frameworks and improve their capacity to manage risk in development-financed activities, including project procurement. Officials from various Government of Guyana agencies and ministries attended the workshop. Both MDBs take a collaborative approach to dealing with integrity issues that may arise in projects they finance, and the workshop was intended to raise awareness about the role of CDB’s Office of Integrity, Compliance and Accountability (ICA) and the IDB’s Office of Institutional Integrity (OII). ICA is mandated to prevent and investigate fraud and corruption in the Bank’s activities and projects. CDB works to prevent, investigate and sanction violations […]

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Resilience Expert: Natural disasters present opportunities for development

Natural disasters present an opportunity for sustainable development, says Professor Mark Pelling of King’s College London. Delivering the 19th William G. Demas Memorial Lecture on May 29 in Grenada, the resilience expert argued that although generally unwelcome, disasters provide focus and momentum to address previously existing development gaps.

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CDB announces USD1.5mn to build greater climate resilience through technology

The Board of Directors of the Caribbean Development Bank has approved a project that aims to increase the use of technology to build greater climate resilience throughout the Region. Funded through a grant of USD1.5 million and to be executed by the Caribbean Community Climate Change Centre (CCCCC) over a three-year period, the project approved on May 28 will support flight-mapping services to collect Light Detection and Ranging (LiDAR) data for almost 10,000 square kilometres of vulnerable Caribbean coastal areas.

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Guyana to upgrade water sector with funding from CDB

The Board of Directors of the Caribbean Development Bank (CDB) has approved a loan of USD1.3 million (mn) to assist in upgrading the water sector in Guyana. The funds, provided to the Government of Guyana, will be used to provide consultancy services to develop a national water policy, as well as to provide designs and estimates for the construction of water treatment plants and the upgrade of related infrastructure.

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CDB, UWI partner to boost Caribbean sports industry

The Board of Directors of the Caribbean Development Bank has approved funding to assist the University of the West Indies (UWI) in fulfilling its mandate to further develop a modern, integrated Faculty of Sport across the UWI System.

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CDB renews programme of support for IMF-operated Technical Assistance Centre

The Caribbean Development Bank (CDB) today announced that it will renew support for a programme designed to help countries in the Region strengthen their human and institutional capacity to design and implement policies which promote growth and reduce poverty. The Bank’s Board of Directors approved USD1 million (mn) towards the International Monetary Fund’s (IMF) Caribbean Regional Technical Assistance Centre (CARTAC) programme until 2022.

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