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CDB project to build capacity for local government reform in Guyana

The Board of Directors of the Caribbean Development Bank (CDB) has approved a project to support the Government of Guyana in building capacity in key areas of local government. It aims to decentralise public service delivery, and increase local involvement in social and economic development, consistent with the Sustainable Development Goals.

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CDB approves project to enhance competitiveness of Suriname’s agricultural sector

The Board of Directors of the Caribbean Development Bank (CDB) has approved a grant to the Government of Suriname to enhance the competitiveness of the country’s agricultural sector. The grant will fund the completion of value chain analysis on selected agricultural commodities, to determine which have the most potential to provide competitive advantage to Suriname.

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CDB approves grant to fund road rehabilitation study in Saint Lucia

The Board of Directors of the Caribbean Development Bank (CDB) has approved a grant to the Government of Saint Lucia to conduct a feasibility study and prepare designs for the upgrade of the Millennium Highway and sections of the West Coast Road corridor. The road is a major part of the route which links the capital city Castries, located in the north-west of the island, to the major towns of Soufriere and Vieux Fort, located in the south. Head of Infrastructure Partnerships at CDB, Andrew Dupigny, says that upgrading the Millennium Highway and West Coast Road is expected to significantly contribute to economic development. “An upgrade of the Highway is expected to significantly contribute to improved access for the agricultural and tourism sectors. It should become more efficient to move goods and services from the north to the south of the island, and to the air and sea ports. In addition, this is a major thoroughfare for people who visit the tourist attractions of the Pitons, sulphur springs, […]

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Grant funding of GBP14.4 mn to develop port at Little Bay, Montserrat

Marine access to the island of Montserrat is set to improve, as the Board of Directors of the Caribbean Development Bank (CDB) has approved a grant of GBP14.4 million (mn) to develop the port at Little Bay. The funds are being provided through the United Kingdom Caribbean Infrastructure Partnership Fund (UKCIF), and will assist in financing the construction of an offshore breakwater and quay. Head of Infrastructure Partnerships at CDB, Andrew Dupigny, noted that the development of the port is critical to providing a safe harbour and accessibility for vessels up to 150 metres in length. “The current jetty at Little Bay is exposed to rough seas intermittently, as there is no offshore breakwater. This makes it unsafe for vessels to dock at times, and means that Montserrat is unable to provide a continuous safe harbour for cruise ships, ferries, yachts, cargo and other vessels, which impacts economic activities on the island. The development of the port is seen as vital for Montserrat’s economic recovery and sustainability,” said […]

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CDB approves USD29 million to rehabilitate infrastructure damaged by Hurricane Irma in Antigua and Barbuda

The Board of Directors of the Caribbean Development Bank (CDB) has approved USD29 million (mn) in funding to the Government of Antigua and Barbuda, to assist with recovery efforts after the passage of Hurricane Irma in September. The funds will be used to rehabilitate and reconstruct critical infrastructure in the transportation, education, water and sanitation, and agriculture sectors. Hurricane Irma impacted the twin-island nation on September 6, 2017, making landfall in Barbuda as a category five hurricane. In Barbuda, the hurricane destroyed housing, crops, livestock and fishing vessels, and also severely impacted the island’s water supply. The Antigua State College was also affected by heavy winds and rains, while storm surges and flooding caused additional damage to many roads.   “The destruction caused by Hurricane Irma adversely impacted the lives of many citizens of Antigua and Barbuda. At CDB, we worked very closely with our in-country counterparts to develop the interventions captured in this project, which will support the Government’s efforts towards a comprehensive and sustainable approach to the […]

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CDB announces USD100 million country strategy for Haiti

flag of Haiti

The Caribbean Development Bank (CDB) is supporting the Government of Haiti in reducing poverty, building resilience, and achieving sustained economic growth for all. A new Country Strategy, approved by CDB’s Board of Directors today, proposes a programme of assistance of USD100 million for the period 2017 to 2021 to help Haiti meet its development priorities. This total includes USD45 million in grant resources.

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CDB announces USD172 million programme of assistance for Jamaica

The Caribbean Development Bank (CDB) has announced a programme of assistance of USD172 million (mn) for Jamaica over the period 2017 to 2021. These resources will be augmented by GBP17.5 mn (approximately USD22.2 mn) in grants from the United Kingdom Caribbean Infrastructure Partnership Fund (UKCIF). The programme of assistance, outlined in a new Country Strategy Paper, was approved by the Bank’s Board of Directors today.

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CDB approves USD76 million to boost development results in St. Kitts and Nevis

view of a bay in St. Kitts and Nevis

The Caribbean Development Bank (CDB) has announced a programme of assistance of USD76.2 million for St. Kitts and Nevis over the period 2017 to 2021. Today, the Bank’s Board of Directors approved the new strategy, which will support economic and social development, environmental protection and infrastructure enhancement.

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