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CDB finances USD6.4 mn street lighting project in St. Kitts and Nevis

The Board of Directors of the Caribbean Development Bank (CDB) has approved a USD5.79 million Street Lighting Retrofitting Project for St. Kitts and Nevis. The intervention is expected to decrease greenhouse gas emissions from street lighting by 53 percent per year, and reduce the Government of St. Kitts and Nevis’ street and flood lighting electricity bill by 44 percent, by 2019.

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CDB project to prevent youth crime and support youth empowerment in Grenada

Deidre-Clarendon-Caribbean-Development-Bank

On Thursday, December 8, 2016, the Board of Directors of the Caribbean Development Bank (CDB) approved financing of USD1.4 million to the Government of Grenada, to support the establishment of a juvenile justice prevention and response system. The project aims to prevent young people from coming into conflict with the law, as well as rehabilitate young offenders. Over the period 2010 to 2014, there was a 30.5 percent increase in the number of offenses committed by youth in Grenada, suggesting that there is a need for intervention. Through this Project, juvenile victims and youth at risk will be targeted for diversion and rehabilitation, and also for reintegration into the labour force and society. They will also be given the opportunity to increase their life and employability skills through targeted psychoeducation and training. “Through this project, we hope to not only reform young people who have gotten involved in criminal activities, but also to teach new skills, thereby increasing employability. It is expected that this will contribute to the […]

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CDB approves USD65 mn for electricity systems upgrade in Suriname

The Electricity System Upgrade and Expansion Project will result in the upgrade of 36.6 kilometres of sub-transmission and distribution lines; the construction of five new substations, the expansion or upgrade of three existing substations; and the installation of three solar photovoltaic plants by 2021.

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CDB co-hosts Roundtable Discussion on Gender Equality with CARICOM, UN Women

On October 31, the Caribbean Development Bank (CDB) co-hosted a roundtable discussion in Barbados, “Partnerships for Gender Equality”, with UN Women and the Caribbean Community (CARICOM). The event was part of the agenda for UN Women Executive Director, Phumzile Mlambo-Ngcuka’s first visit to the Caribbean. The Roundtable took place at the United Nations House.

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Thanks for CDB in Haiti after Hurricane Matthew

Haiti, Hurricane Matthew

As the Government of Haiti continues to use the insurance payout from CCRIF SPC to assist the recovery efforts after Hurricane Matthew, the Caribbean Development Bank (CDB) has been commended for its continued support in ensuring the country has catastrophic risk insurance coverage. CDB has paid Haiti’s insurance premium over the last five years. After the passage of Matthew, the country received USD23.4 million under its tropical cyclone and excess rainfall policies. CDB received the commendation at a meeting in Port-au-Prince, Haiti, which the Hon. Yves Bastien, Haiti’s Minister of Finance, his advisors, Mr. Isaac Anthony, CEO of CCRIF, and a delegation from CDB attended. The Finance Minister said approximately 50% of the payment remains to be spent. Part of the payment from CCRIF has so far been used to provide food and shelter to at least 1.4 million persons who were adversely affected and displaced by Matthew. Bastien said that the money has also been used to purchase medication especially for children, tarpaulins for houses – some […]

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Solving the problem of Mathematics education in the Region

FAME, SSD, mathematics education, regional workshop

The Caribbean Development Bank (CDB) recently hosted a two-day workshop for mathematics education stakeholders from across the Region.  Participants reviewed the current status of Mathematics education in the Caribbean, identified current good practices, and came up with strategies to improve students’ mastery of the subject. In the Caribbean, pass rates in Mathematics at the primary and secondary level are an area of concern. Pass rates typically do not exceed 60% in any national or regional assessments. Against this background, in 2014, CDB supported research into instructional practices of mathematics teachers in the Eastern Caribbean. The study, conducted by the School of Education, Cave Hill Campus, University of the West Indies, aimed to identify solutions to improve teacher effectiveness and student learning in mathematics. The recently held workshop is a continuation of those efforts. Taking into account the results of the research study, workshop participants developed a draft comprehensive Framework for Action and Results in Mathematics Education (FAME), which is meant to inform ongoing policy reforms, and support concrete […]

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Towards clearer roadmaps for renewable energy in the Caribbean

renewable energy, Caribbean Sustainable Energy Independence: Making It Happen

Head of the Renewable Energy/Energy Efficiency Unit (REEEU) at the Caribbean Development Bank (CDB), Tessa Williams-Robertson, has underscored the need for regional countries to strengthen their resource plans for projects in the renewable energy sector. Williams-Robertson was speaking on November 10, on the first day of a conference organized by the Barbados Renewable Energy Association entitled, Caribbean Sustainable Energy Independence: Making It Happen.  She was a panelist in the discussion, Financing Energy Independence in the Caribbean.  The REEEU Head outlined some of the constraints regional governments face in financing renewable energy projects. These include small domestic markets, the absence of inter-connection for the export of electricity across borders or between islands, high indebtedness, vulnerability to climate impacts and the perceived high risk of investing in the region. She noted that CDB has come up with an Energy Sector response, which has resource mobilisation as a key component. This means that the Bank is looking at various opportunities to mobilise global climate change concessional resources for investments in the […]

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UTECH Jamaica to house Caribbean Regional Procurement Centre

UTech

Professionalisation of public sector procurement in the Caribbean region has led to continually increasing demand for a cadre of highly skilled procurement professionals. Stronger procurement knowledge is needed to fulfil economic, government and private sector goals in the region, while ensuring more efficient use of scarce public resources in a region still burdened with debt following the recession of a few years ago. The Centre will support development of transparent public procurement processes, which reflect the highest ethical standards. A procurement centre of excellence for the Caribbean is being built by a strong consortium of organisations. The University of Technology, Jamaica (UTech) has been selected to house a Caribbean Regional Procurement Centre, which aims to improve procurement practices across the Caribbean. Funded by the Caribbean Development Bank (CDB) and the World Bank (WB), the centre will provide high-quality training services accredited by the Chartered Institute of Procurement and Supply (CIPS). UTech is developing the curriculum and training materials in partnership with a consortium led by BiP Solutions Limited […]

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