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CDB invests in the fight against child sexual abuse in Jamaica

In Jamaica, the number of violent acts against children has gradually increased over the last decade. The rapid increase in child sexual abuse has been most alarming, making it an urgent national issue. To help the Government agencies in Jamaica tackle this pressing challenge, the Caribbean Development Bank (CDB) has funded an intervention to prevent sexual violence against children in the country. Part of the initiative is the development of a storybook, video and other resources to help children identify and report child abuse. “The Tribe—Break the Silence” is an illustrated book and part of a package that includes an accompanying video with illustrations and sign language translation, and a teacher’s guide with a lesson plan. It was conceptualised and created by Jamaican company KQC Enterprises. “We recognise that children, when provided with the right teaching, can play a great role in protecting themselves against abuse. Through BNTF, CDB is pleased to make an investment in helping children speak up against sexual abuse, and in supporting Government agencies […]

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CDB funds USD25 mn street lighting project in Jamaica

Street lighting

The Board of Directors of the Caribbean Development Bank (CDB) has approved funding of USD25 million (mn) to replace existing streetlights in Jamaica with high efficiency light-emitting diode (LED) lamps. The funds are being provided to the Jamaica Public Service Company Limited (JPSCo), and will facilitate the replacement of approximately 105,000 high pressure sodium and mercury vapour streetlights. Jamaica is on track to achieve its renewable energy target of 30 percent by 2030. However, to do it, the country must reduce its expenditure on imported petroleum products. In 2016, spending on street lighting was USD20 mn per year. “Street lights are a critical national service, as they facilitate personal safety, as well as the safe operation of the transportation sector. However, street lights in Jamaica are the second largest consumer of electricity, representing 15 percent of total public sector energy consumption. This project is expected to reduce electricity consumption for street lights by approximately 65 percent per year. In addition, it is expected that it will significantly contribute to the […]

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CDB announces support for a climate-smart agricultural sector in Guyana

Georgetown, Guyana - Stabroek Market

The Board of Directors  of the Caribbean Development Bank (CDB) have approved a grant of USD295,000 to support the Government of Guyana in developing a framework, which will guide the development and implementation of measures to adapt to the impact of climate change on the agriculture sector in that country. In Guyana, the agriculture sector is a significant contributor to the gross domestic product, and also employs a large portion of the population. Climate change can have a significant effect on the sector, as most agricultural production is concentrated along the coastal plains which are on average 1.4 meters below sea level at high tide. Rising sea levels, increased in the intensity and frequency of rainfall and higher temperatures associated with climate change are already negatively impacting agricultural production. This technical assistance project will allow the Government to identify areas that are the most vulnerable to climate change and to adopt new climate-smart agricultural practices. “The project will help the Government to identify specific crops and crop varieties […]

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CDB and UN Agencies partnering to achieve SDGs in the Caribbean

The Caribbean Development Bank (CDB), UNICEF, UNFPA and UN Women have embarked on a collaborative approach, combining technical expertise and lessons learned over their many years of development work in the Region. In a time of shrinking resources, the agencies are partnering to support the achievement of Sustainable Development Goals (SDGs) in the Caribbean.

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CDB signs MOU with Export-Import Bank of China

Memorandum of Understanding

The Caribbean Development Bank (CDB) and the Export-Import (EXIM) Bank of China have signed a memorandum of understanding (MOU) which will allow both parties to discuss opportunities for cooperation and coordination in CDB’s Borrowing Member Countries (BMCs). The MOU will allow both institutions to explore co-financing options, as well as coordinate development strategies, concepts and activities in those countries.

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Use of Chinese Renminbi could help safeguard Region’s access to global finance

As global financial institutions continue to withdraw banking services from the Region, the Chinese Renminbi could help to safeguard the Region’s access to global financial services. This was one of the topics explored at a conference hosted by Caribbean Development Bank (CDB), held under the theme ‘Chinese Renminbi in the Caribbean: Opportunities for Trade, Aid and Investment’.

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CDB support for special education scholarships in Barbados

The Caribbean Development Bank (CDB), through its sponsorship programme, has been supporting two students of the Schoolhouse for Special Needs in Barbados since the 2013-2014 academic year. As they enter the fifth and final year of that scholarship, one of the students, Antwahn Boyce-Vaughn, appears to have found his calling as an artist. Antwahn, who celebrates his 17th birthday on July 17, says he began painting seriously in September 2016. He sharpened this new skill in his Cottage Industry class. On a recent report card, comments mentioned that he is a “very good observational drawer and has great illustrating potential.” One of the paintings that Antwahn created was recently part of an exhibition hosted by a Barbados-based company in an effort to showcase the work done by the children of the Schoolhouse. Subsequently, the company decided to purchase three pieces from the exhibition and asked staff to select the pieces. The painting by Antwahn, titled Peacock Splendour, received the most votes. The Directors of the Schoolhouse, in updating […]

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