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Electricity System Upgrade and Expansion Project launched in Suriname

The Caribbean Development Bank (CDB), and the Government of Suriname have partnered to deliver a more reliable, efficient and sustainable electricity supply in that country. The Electricity System Upgrade and Expansion Project, which will be implemented by utility company, N.V. EnergieBedrijven Suriname (EBS), was launched on Monday, September 25, 2017 at the Courtyard Marriott Paramaribo. Under the Project, EBS will undertake the upgrade of 36.6 kilometres of sub-transmission and distribution lines, the construction of five new substations, and the expansion or upgrade of three existing substations. It will also include the installation of three solar photovoltaic plants by 2021, two in the Nickerie and one in Coronie. In addition, a Master Grid Study and a Dynamic Stability Study will be conducted, in anticipation of changes to the operating environment, as a result of provisions under the country’s Electricity Act (2016). Speaking at the launch, Director of Projects at CDB, Daniel Best, noted that the energy sector is a key driver of economic growth and social development for Suriname. […]

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INMED Launches Program to Help Smallholder Farmers Start Climate-Smart Aquaponics Agri-business Enterprises in Jamaica

aquaponics

Tanesha Wallace has dreamed of this day for a long time. Today, she is on her way to starting her own business, thanks to a new program by INMED Partnerships for Children to bring smallholder farmers in Jamaica into the mainstream economy. Launched officially last week at an event hosted by the Office of the Prime Minister through the Minister of Economic Growth and Job Creation (MEGJC) (which covers Environment) the Honorable Daryl Vaz, and the Minister of Industry, Commerce, Agriculture and Fisheries (MICAF), the Honorable Karl Samuda, the 4-year initiative will provide access to financing and markets, training and technical assistance to help small-scale farmers, women and youth start aquaponics enterprises. Aquaponics is an innovative food production technique that combines aquaculture (fish farming) with hydroponics (soilless crop production in water) in a closed symbiotic system. Advantages of aquaponics include crop production at least 10 times higher than traditionally farmed plots of equivalent size, 85-90% less water consumption than traditional irrigation, low energy consumption, year-round crop production and […]

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CDB President participates in high-level mission to Dominica

Caribbean officials participate in high-level mission to Dominica

President of the Caribbean Development Bank (CDB), Dr. Wm. Warren Smith, has reaffirmed the institution’s support for the Government and people of the Commonwealth of Dominica, after participating in a Caribbean Community (CARICOM) high-level mission to that country on September 26.

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Caribbean policy reform threatened by lack of political will, implementation capacity

Dr. Warren Smith

Absence of political will, combined with a lack of implementation capacity, is one of the biggest threats to Caribbean policy reform, says President of the Caribbean Development Bank (CDB), Dr. Wm. Warren Smith. He was speaking at the opening ceremony of the Caribbean Leadership and Transformation Forum: Delivering Results on September 18, 2017. The two-day Forum, hosted by CDB, focused on improving implementation in the Caribbean, and finding new ways to deliver results in alignment with the 2030 Sustainable Development Agenda. “The lack of political will represents a major risk to successful implementation of growth-oriented reform programmes that can transform Caribbean economies.  The credibility of many of such programmes has often been undermined by a ‘start and stop’ approach to decision-making.   Decisions to delay or to abandon implementation are frequently influenced by political considerations related to, for example, impending general elections,” he said. “In these turbulent times, the ability to drive through a reform programme necessitates securing buy-in and support from as wide a stakeholder base as possible, […]

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CDB approves grant to address childhood obesity prevention

The Caribbean Development Bank (CDB) has approved a grant of USD150,000 to the Healthy Caribbean Coalition (HCC), to support capacity building to address childhood obesity prevention in four countries. The project will strengthen the ability of civil society organisations (CSOs) in The Bahamas, Barbados, Belize and Jamaica to contribute to non-communicable disease (NCD) prevention and control, with specific focus on childhood obesity programmes.

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CDB announces support for countries affected by Hurricane Irma

CDB President comments on the impact of Hurricane Irma

The Caribbean Development Bank (CDB) has announced support for its Borrowing Member Countries (BMCs) affected by Hurricane Irma, and for the Caribbean Disaster Emergency Management Agency (CDEMA), which is coordinating the Region’s response to the affected states. The Bank is in the process of providing Emergency Relief Grants to Anguilla, Antigua and Barbuda, The Bahamas, the British Virgin Islands and the Turks and Caicos Islands. These Grants, totalling USD200,000 each, will assist with costs associated with damage assessments and the provision and transportation of emergency relief supplies, water and sanitation resources, roofing materials for emergency shelters and community buildings, and temporary shelter for displaced persons.

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CDB President concludes official visit to Haiti

Haiti’s catastrophe risk insurance

On August 30, Dr. Wm. Warren Smith, President of the Caribbean Development Bank (CDB), concluded an official visit to Haiti, during which he reaffirmed CDB’s commitment to support the country in meeting its development goals. The visit was his first since the new Haitian administration, led by His Excellency Jovenel Moïse, took office in February 2017. Smith, accompanied by Monica La Bennett, Vice-President (Operations), discussed the Bank’s ongoing partnership with Haiti and opportunities for deepening the existing relationship and helping the country to achieve its development priorities. “CDB has begun a new cycle of engagement with Haiti following the approval by Contributors of the Special Development Fund 9 (SDF9) in December 2017. We are proud of the Bank’s record in Haiti, since welcoming the country to the membership of CDB in 2007. In the last 10 years, the Bank has collaborated with successive governments to promote sustainable and balanced economic growth and development,” said Dr. Smith. “We have strategically invested grant resources and provided technical assistance to improve […]

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Trinityville farmers & residents now trained to be “Disaster Ready”

Disaster ready training

As successive Atlantic storm features emerge off the coast of Cape Verde, and head towards the Caribbean, 48 farmers and residents from 12 communities in St. Thomas have already benefitted from a four-day Disaster Risk Management Training course, structured to increase their knowledge and management of disaster risks. The course was held at the Trinityville Primary School, from August 18 to 30, under the theme: “Be Disaster Ready, Build Community Resilience.” Participants included residents from the communities of Hillside, Danvers Pen, Fonthill, Georgia, Baileys Piece, Mofatt, Jones Pen, Mt. Vernon, Mt. Lebanus, Spring Piece and Somerset. Training was conducted by facilitators from the Office of Disaster Preparedness and Emergency Management (ODPEM) and the St. Thomas Municipal Corporation.  “Our objective was to define disaster, risk, hazards, and vulnerability,” Kristen Rhone, ODPEM training officer, who conducted the Basic Disaster Management training on day one, stated. “We also identified types of disasters; and explained how to be prepared for them.” Days two and three focused on Shelters and Shelter Management, which […]

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