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CDB training programme supports St. Kitts and Nevis with shaping policies for development gains

The Government of St. Kitts and Nevis believes a CDB-funded training programme currently underway in the country, will enable public sector workers to more effectively tackle environmental concerns, climate change and other cross-cutting issues impacting the lives and livelihoods of Kittitians and Nevisians.

Eighty-four civil servants have been nominated to participate in the five-week Public Policy Analysis and Management (PPAM), and Project Cycle Management (PCM) training programme, intended to improve policy formulation and implementation, and project management techniques.

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Holistic approach needed to create resilient cities in the Caribbean

Timothy Antoine, Governor of the Eastern Caribbean Central Bank (ECCB) delivers his keynote presentation during the seminar on Building Resilient Cities, hosted by the Caribbean Development Bank (CDB) in Grenada on May 30. Building resilient cities across the Caribbean will require a holistic approach. According to Timothy Antoine, Governor of the Eastern Caribbean Central Bank (ECCB), any approach to strengthening the Region’s ability to withstand natural disasters will require countries to focus on restructuring fiscal policies and strengthening infrastructure, and to implement psychosocial interventions.  Antoine was speaking at a seminar, “Building Resilient Cities”, which was held as part of the Caribbean Development Bank’s (CDB) 48th Annual Meeting of its Board of Governors, hosted in Grenada from May 30 to 31. The ECCB Governor noted that resilience requires countries to be able to “withstand, adapt and rapidly recover” from events and shocks. He said one of the key tenets of this approach includes building fiscal and debt resilience. “It is the worst possible time after a hurricane to be […]

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Annual Meeting puts spotlight on resilience in the Caribbean

CDB President speaks about resilience at Annual Meeting Closing Ceremony in Grenada

The Caribbean Development Bank’s (CDB) 48th Annual Meeting has ended in Grenada, with Governors of the institution uniting around the event’s theme of resilience. CDB President, Dr. William Warren Smith, in his closing statement on May 31, urged delegates to mainstream resilience; leverage opportunities for blue economy growth; and build “smart partnerships” to meet the Region’s development objectives.

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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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